Org.nr 996 185 931 2011 → 2012 Year-over-year analysis

ADAPTIC AS: årsregnskap 2012 vs 2011

Grew 18% on revenue

approved 2013-05-27; registry 2013-06-18; journal 2013 458991

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for ADAPTIC AS. Revenue 8.38m NOK → 9.90m NOK (+18.2%). Equity 9.62m NOK → 4.64m NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADAPTIC AS.

At a glance

Revenue

8.38m NOK 9.90m NOK

+18.2%

Equity

9.62m NOK 4.64m NOK

-51.8%

Cash

367.2k NOK 235.6k NOK

-35.8%

Total assets

12.06m NOK 12.93m NOK

+7.2%

↑
Revenue rose

Operating income / revenue moved from 8.38m NOK to 9.90m NOK (+18.2% YoY). Calculated

↓
Equity eroded

Book equity 9.62m NOK → 4.64m NOK (equity ratio 79.7% → 35.9%). Calculated
↓
Cash fell

Bank deposits 367.2k NOK → 235.6k NOK (-35.8% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.73× → 0.49× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated