AD-FRAKT AS: årsregnskap 2012 vs 2011
Grew 9% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AD-FRAKT AS. Revenue 6.97m NOK → 7.61m NOK (+9.3%). Net result +827.1k NOK → +623.5k NOK. Equity 1.03m NOK → 1.65m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for AD-FRAKT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.97m NOK to 7.61m NOK (+9.3% YoY). Calculated
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↑
Equity strengthened
Book equity 1.03m NOK → 1.65m NOK (equity ratio 19.6% → 681.7%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.29m NOK → +990.9k NOK (op. margin 18.6% → 13.0%). Calculated
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↓
Net result weakened
Net result +827.1k NOK → +623.5k NOK (net margin 11.9% → 8.2%). Calculated
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↓
Cash fell
Bank deposits 5.94m NOK → 1 744 NOK (-100.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (5.94m NOK → 1 744 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 1.38m NOK → 1.71m NOK (+23.6% YoY). Calculated