Org.nr 989 431 447 2010 → 2011 Year-over-year analysis

ADROMEDA AS: årsregnskap 2011 vs 2010

Mixed movements in the accounts

approved 2012-05-10; registry 2012-05-30; journal 2012 390621

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ADROMEDA AS. Equity 5.13m NOK → -2.28m NOK.

On the constructive side: operating result improved. Pressures included: equity eroded; current ratio dropped below 1×.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADROMEDA AS.

At a glance

Revenue

n/m 0 NOK

—

Operating result

-185.1k NOK -168.0k NOK

+9.3%

Equity

5.13m NOK -2.28m NOK

-144.3%

Cash

n/m 29.0k NOK

—

Total assets

13.13m NOK 2.43m NOK

-81.5%

↑
Operating result improved

Operating result -185.1k NOK → -168.0k NOK. Calculated

↓
Equity eroded

Book equity 5.13m NOK → -2.28m NOK (equity ratio 39.1% → -93.8%). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.01× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Thin equity buffer

Equity ratio is -93.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation