ADP AS: årsregnskap 2007 vs 2006
Grew 81% on revenue
approved 2008-06-30; registry 2008-09-10
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ADP AS. Revenue 1.01m NOK → 1.82m NOK (+81.5%). Equity 175.4k NOK → -22.6k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.01m NOK to 1.82m NOK (+81.5% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 175.4k NOK → -22.6k NOK (equity ratio 56.5% → -15.1%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.81× → 0.69× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -15.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 534.2k NOK → 600.9k NOK (53% → 33% of revenue). Calculated