AD:NUM AS: årsregnskap 2013 vs 2012
Grew 17% on revenue, stronger earnings
approved 2014-06-26; registry 2014-08-16; journal 2014 663783
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AD:NUM AS. Revenue 539.5k NOK → 630.6k NOK (+16.9%). Net result -120.1k NOK → -25.9k NOK. Equity 100.6k NOK → 74.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AD:NUM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 539.5k NOK to 630.6k NOK (+16.9% YoY). Calculated
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↑
Operating result improved
Operating result -156.5k NOK → -31.2k NOK (op. margin -29.0% → -4.9%). Calculated
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↑
Net result improved
Net result -120.1k NOK → -25.9k NOK (net margin -22.3% → -4.1%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 100.6k NOK → 74.7k NOK (equity ratio 9.3% → 7.0%). Calculated
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↓
Cash fell
Bank deposits 418.3k NOK → 392.7k NOK (-6.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 466.1k NOK → 9.47m NOK (86% → 1501% of revenue). Calculated