AD2R HOLDING AS: årsregnskap 2012 vs 2011
Shrank 21% on revenue, weaker earnings, cash halved-plus
approved 2013-06-12; registry 2013-09-07; journal 2013 770864
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AD2R HOLDING AS. Revenue 6.65m NOK → 5.26m NOK (-20.9%). Net result +1.27m NOK → +142.4k NOK. Equity 1.06m NOK → 1.07m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AD2R HOLDING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.06m NOK → 1.07m NOK (equity ratio 26.3% → 37.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.65m NOK to 5.26m NOK (-20.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +1.31m NOK → +263.4k NOK (op. margin 19.8% → 5.0%). Calculated
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↓
Net result weakened
Net result +1.27m NOK → +142.4k NOK (net margin 19.1% → 2.7%). Calculated
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↓
Cash fell
Bank deposits 679.6k NOK → 106.5k NOK (-84.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 010 NOK → 2.68m NOK (0% → 51% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 986.8k NOK → 810.6k NOK (-17.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 515.7k NOK → 415.7k NOK. Reported fact