ADACC INTERNATIONAL AS: årsregnskap 2013 vs 2012
Mixed movements in the accounts
approved 2014-05-30; registry 2014-09-06; journal 2014 778579
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADACC INTERNATIONAL AS. Revenue 1.99m NOK → 2.07m NOK (+4.2%). Equity 339.9k NOK → 121.4k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADACC INTERNATIONAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.99m NOK to 2.07m NOK (+4.2% YoY). Calculated
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↑
Cash rose
Bank deposits 388.8k NOK → 423.0k NOK (+8.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.93m NOK → 787.6k NOK (97% → 38% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 339.9k NOK → 121.4k NOK (equity ratio 10.1% → 3.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation