FirmaIQ
Org.nr 980 084 361 2007 → 2008 Year-over-year analysis

ADNOVA AS: årsregnskap 2008 vs 2007

Shrank 20% on revenue, returned to profit

approved 2009-06-25; registry 2009-07-06

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for ADNOVA AS. Revenue 111.2k NOK → 89.2k NOK (-19.8%). Net result -94.5k NOK → +963 NOK. Equity -94.3k NOK → -93.4k NOK.

On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADNOVA AS.

At a glance

Scorecard

Revenue
111.2k NOK 89.2k NOK
-19.8%
Operating result
-123.0k NOK +5 789 NOK
+104.7%
Net result
-94.5k NOK +963 NOK
+101.0%
Equity
-94.3k NOK -93.4k NOK
+1.0%
Total assets
236.8k NOK 203.0k NOK
-14.2%

What improved

  • ↑

    Operating result improved

    Operating result -123.0k NOK → +5 789 NOK (op. margin -110.7% → 6.5%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 94.5k NOK to a profit of 963 NOK. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 111.2k NOK to 89.2k NOK (-19.8% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -46.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation