Org.nr 989 109 812 2009 → 2010 Year-over-year analysis

ADRIAN & CO AS: årsregnskap 2010 vs 2009

Returned to profit, cash halved-plus

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ADRIAN & CO AS. Net result -5.08m NOK → +1.96m NOK. Equity 56.46m NOK → 53.52m NOK.

On the constructive side: operating result improved; turned profitable. Pressures included: equity eroded; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADRIAN & CO AS.

At a glance

Operating result

-209.8k NOK -127.6k NOK

+39.2%

Net result

-5.08m NOK +1.96m NOK

+138.7%

Equity

56.46m NOK 53.52m NOK

-5.2%

Cash

16.49m NOK 1.05m NOK

-93.6%

Total assets

56.49m NOK 53.55m NOK

-5.2%

↑
Operating result improved

Operating result -209.8k NOK → -127.6k NOK. Calculated
↑
Turned profitable

Net result flipped from a loss of 5.08m NOK to a profit of 1.96m NOK. Calculated

↓
Equity eroded

Book equity 56.46m NOK → 53.52m NOK (equity ratio 99.9% → 99.9%). Calculated
↓
Cash fell

Bank deposits 16.49m NOK → 1.05m NOK (-93.6% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (16.49m NOK → 1.05m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Book investments changed

Investment / intangible book value 141.0k NOK → 8.39m NOK. Reported fact