ADACON AS: årsregnskap 2012 vs 2011
Shrank 100% on revenue, cash halved-plus
approved 2013-05-21; registry 2013-05-30; journal 2013 421769
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADACON AS. Revenue 1 073 NOK → 0 NOK (-100.0%). Equity 1.31m NOK → 333.5k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADACON AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1 073 NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Equity eroded
Book equity 1.31m NOK → 333.5k NOK (equity ratio 86.5% → 71.3%). Calculated
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↓
Cash fell
Bank deposits 1.17m NOK → 379.4k NOK (-67.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.17m NOK → 379.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 110.5k NOK → 82.0k NOK. Reported fact