ADONIS AS: årsregnskap 1993 vs 1992
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 1993 with 1992 for ADONIS AS. Revenue 2.79m NOK → 2.74m NOK (-2.1%). Equity 81.4k NOK → -217.3k NOK.
On the constructive side: current ratio back above 1×. 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 ADONIS AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.99× → 1.35×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.79m NOK to 2.74m NOK (-2.1% YoY). Calculated
-
↓
Operating result weakened
Operating result +79.0k NOK → -148.5k NOK (op. margin 2.8% → -5.4%). Calculated
-
↓
Equity eroded
Book equity 81.4k NOK → -217.3k NOK (equity ratio 157.3% → -26.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -26.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation