ADRIAN EIENDOM AS: årsregnskap 2008 vs 2007
Grew 1509% on revenue, cash halved-plus
approved 2009-08-28; registry 2009-09-19
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADRIAN EIENDOM AS. Revenue 312.6k NOK → 5.03m NOK (+1508.9%). Equity 2.58m NOK → 1.28m NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADRIAN EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 312.6k NOK to 5.03m NOK (+1508.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.65× → 1.48×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 2.58m NOK → 1.28m NOK (equity ratio 25.9% → 9.7%). Calculated
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↓
Cash fell
Bank deposits 925.7k NOK → 396.1k NOK (-57.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 102.0k NOK → 103.0k NOK. Reported fact