Org.nr 989 109 812 2010 → 2011 Year-over-year analysis

ADRIAN & CO AS: årsregnskap 2011 vs 2010

Cash halved-plus

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ADRIAN & CO AS. Net result +1.96m NOK → +1.74m NOK. Equity 53.52m NOK → 55.24m NOK.

On the constructive side: equity strengthened. Pressures included: operating result weakened; net result weakened; 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

Revenue

n/m 0 NOK

—

Operating result

-127.6k NOK -144.7k NOK

-13.3%

Net result

+1.96m NOK +1.74m NOK

-11.2%

Equity

53.52m NOK 55.24m NOK

+3.2%

Cash

1.05m NOK 190.8k NOK

-81.9%

Total assets

53.55m NOK 55.30m NOK

+3.3%

↑
Equity strengthened

Book equity 53.52m NOK → 55.24m NOK (equity ratio 99.9% → 99.9%). Calculated

↓
Operating result weakened

Operating result -127.6k NOK → -144.7k NOK. Calculated
↓
Net result weakened

Net result +1.96m NOK → +1.74m NOK. Calculated
↓
Cash fell

Bank deposits 1.05m NOK → 190.8k NOK (-81.9% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (1.05m NOK → 190.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Book investments changed

Investment / intangible book value 8.39m NOK → 16.02m NOK. Reported fact