FirmaIQ
Org.nr 986 276 475 2007 → 2008 Year-over-year analysis

ADREGA AS: årsregnskap 2008 vs 2007

Grew 14% on revenue, cash halved-plus, fresh owner capital

approved 2009-06-05; registry 2009-08-22

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for ADREGA AS. Revenue 1.77m NOK → 2.02m NOK (+13.9%). Net result +948 NOK → +6 214 NOK. Equity -4.43m NOK → -9.36m NOK.

On the constructive side: revenue rose; net result improved; owners injected capital. Pressures included: equity eroded; cash fell.

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

At a glance

Scorecard

Revenue
1.77m NOK 2.02m NOK
+13.9%
Operating result
-7.48m NOK n/m
—
Net result
+948 NOK +6 214 NOK
+555.5%
Equity
-4.43m NOK -9.36m NOK
-111.2%
Cash
878.4k NOK 211.1k NOK
-76.0%
Total assets
1.36m NOK 1.10m NOK
-18.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.77m NOK to 2.02m NOK (+13.9% YoY). Calculated

  • ↑

    Net result improved

    Net result +948 NOK → +6 214 NOK (net margin 0.1% → 0.3%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 4.49m NOK → 5.78m NOK (+1.29m NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 5.37m NOK → 4.71m NOK (303% → 233% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -4.43m NOK → -9.36m NOK (equity ratio -326.2% → -847.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 878.4k NOK → 211.1k NOK (-76.0% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -847.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation