ADP AS: årsregnskap 2008 vs 2007
Shrank 67% on revenue
approved 2009-09-30; registry 2009-10-17
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADP AS. Revenue 1.82m NOK → 605.4k NOK (-66.8%). Equity -22.6k NOK → -18.8k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADP AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -22.6k NOK → -18.8k NOK (equity ratio -15.1% → -18.4%). Calculated
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↑
Payroll decreased
Salary cost 600.9k NOK → 112.5k NOK (33% → 19% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.82m NOK to 605.4k NOK (-66.8% YoY). Calculated
-
↓
COGS moved
COGS / varekostnad 89.3k NOK → 184.0k NOK (+106.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -18.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation