AD:NUM AS: årsregnskap 2012 vs 2011
Shrank 37% on revenue, slipped into loss
approved 2013-06-27; registry 2013-07-22; journal 2013 579228
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AD:NUM AS. Revenue 855.1k NOK → 539.5k NOK (-36.9%). Net result +28.7k NOK → -120.1k NOK. Equity 220.7k NOK → 100.6k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AD:NUM AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 348.6k NOK → 418.3k NOK (+20.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 492.0k NOK → 466.1k NOK (58% → 86% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 855.1k NOK to 539.5k NOK (-36.9% YoY). Calculated
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↓
Operating result weakened
Operating result +47.7k NOK → -156.5k NOK (op. margin 5.6% → -29.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 28.7k NOK profit to a loss of 120.1k NOK. Calculated
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↓
Equity eroded
Book equity 220.7k NOK → 100.6k NOK (equity ratio 18.9% → 9.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation