ADURNA AS: årsregnskap 2008 vs 2007
Grew 115% on revenue, slipped into loss
approved 2009-06-08; registry 2009-07-04
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADURNA AS. Revenue 37.5k NOK → 80.8k NOK (+115.4%). Net result +7.04m NOK → -14.06m NOK. Equity 10.81m NOK → -3.16m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADURNA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 37.5k NOK to 80.8k NOK (+115.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -507.3k NOK → -508.3k NOK (op. margin -1352.7% → -629.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 7.04m NOK profit to a loss of 14.06m NOK. Calculated
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↓
Equity eroded
Book equity 10.81m NOK → -3.16m NOK (equity ratio 39.6% → -23.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -23.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 2.02m NOK → 455.5k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 413.7k NOK → 419.2k NOK (1103% → 519% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 8.22m NOK → 5.69m NOK. Reported fact