ADRIAN AS: årsregnskap 2008 vs 2007
Slipped into loss, cash halved-plus, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADRIAN AS. Net result +5.10m NOK → -43.47m NOK. Equity 109.91m NOK → 66.96m NOK.
On the constructive side: owners injected capital. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADRIAN AS.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 2.08m NOK → 2.60m NOK (+520.0k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -703.1k NOK → -4.03m NOK. Calculated
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↓
Fell into a net loss
Net result flipped from 5.10m NOK profit to a loss of 43.47m NOK. Calculated
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↓
Equity eroded
Book equity 109.91m NOK → 66.96m NOK (equity ratio 73.7% → 65.4%). Calculated
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↓
Cash fell
Bank deposits 16.31m NOK → 3.36m NOK (-79.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.71× → 0.67× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (16.31m NOK → 3.36m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 3.62m NOK → 77.72m NOK. Reported fact