ADRIEN MANN AGENTURER AS: årsregnskap 2008 vs 2007
Shrank 83% on revenue
approved 2009-06-30; registry 2009-09-02
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADRIEN MANN AGENTURER AS. Revenue 10.76m NOK → 1.85m NOK (-82.8%). Equity 200.9k NOK → -179.6k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADRIEN MANN AGENTURER AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.76m NOK to 1.85m NOK (-82.8% YoY). Calculated
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↓
Operating result weakened
Operating result +56.2k NOK → -338.4k NOK (op. margin 0.5% → -18.3%). Calculated
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↓
Equity eroded
Book equity 200.9k NOK → -179.6k NOK (equity ratio 6.7% → -25.6%). Calculated
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↓
Cash fell
Bank deposits 31.6k NOK → 25.9k NOK (-18.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.15× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -25.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.46m NOK → 107.5k NOK (-95.6% YoY). Calculated