Org.nr 980 084 361 2010 → 2011 Year-over-year analysis

ADNOVA AS: årsregnskap 2011 vs 2010

Shrank 55% on revenue

approved 2012-06-07; registry 2012-09-01; journal 2012 682512

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ADNOVA AS. Revenue 107.8k NOK → 48.0k NOK (-55.4%). Equity 27.3k NOK → 17.1k NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

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

At a glance

Revenue

107.8k NOK 48.0k NOK

-55.4%

Operating result

+23.5k NOK -16.4k NOK

-169.8%

Equity

27.3k NOK 17.1k NOK

-37.4%

Cash

n/m 143.6k NOK

—

Total assets

238.7k NOK 171.6k NOK

-28.1%

↓
Revenue fell

Operating income / revenue moved from 107.8k NOK to 48.0k NOK (-55.4% YoY). Calculated
↓
Operating result weakened

Operating result +23.5k NOK → -16.4k NOK (op. margin 21.8% → -34.2%). Calculated
↓
Equity eroded

Book equity 27.3k NOK → 17.1k NOK (equity ratio 11.4% → 10.0%). Calculated

·
Thin equity buffer

Equity ratio is 10.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation