ADAPTIVE MEDIA AS: årsregnskap 2013 vs 2012
Grew 66892% on revenue
approved 2014-05-31; registry 2014-09-06; journal 2014 786441
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADAPTIVE MEDIA AS. Revenue 1 998 NOK → 1.34m NOK (+66891.9%). Equity 144.8k NOK → -18.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADAPTIVE MEDIA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 998 NOK to 1.34m NOK (+66891.9% YoY). Calculated
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↑
Cash rose
Bank deposits 4 101 NOK → 129.5k NOK (+3056.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +837.7k NOK → -212.7k NOK (op. margin 41928.8% → -15.9%). Calculated
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↓
Equity eroded
Book equity 144.8k NOK → -18.2k NOK (equity ratio 17.2% → -4.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.24× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 3 582 NOK → 977.8k NOK (179% → 73% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 132.8k NOK → 518 NOK (-99.6% YoY). Calculated