ADAPA AS: årsregnskap 2012 vs 2011
Grew 162% on revenue, cash halved-plus
approved 2014-05-08; registry 2014-05-12; journal 2014 395786
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADAPA AS. Revenue 574.7k NOK → 1.51m NOK (+162.4%). Equity 12.51m NOK → 12.59m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for ADAPA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 574.7k NOK to 1.51m NOK (+162.4% YoY). Calculated
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↑
Equity strengthened
Book equity 12.51m NOK → 12.59m NOK (equity ratio 71.7% → 70.1%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +763.4k NOK → +424.4k NOK (op. margin 132.8% → 28.1%). Calculated
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↓
Cash fell
Bank deposits 2.24m NOK → 155.4k NOK (-93.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.24m NOK → 155.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 2 011 NOK → 766.8k NOK (0% → 51% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 50.7k NOK → 1.91m NOK. Reported fact