Org.nr 992 122 110 2011 → 2012 Year-over-year analysis

ADAX NORGE AS: årsregnskap 2012 vs 2011

Shrank 8% on revenue

approved 2013-02-07; registry 2013-05-06; journal 2013 374184

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for ADAX NORGE AS. Revenue 14.18m NOK → 13.03m NOK (-8.1%). Equity 483.7k NOK → 2.07m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADAX NORGE AS.

At a glance

Revenue

14.18m NOK 13.03m NOK

-8.1%

Operating result

+1.25m NOK +777.9k NOK

-38.0%

Net result

n/m +583.8k NOK

—

Equity

483.7k NOK 2.07m NOK

+327.4%

Cash

1.22m NOK 757.0k NOK

-38.2%

Total assets

2.38m NOK 3.32m NOK

+39.8%

↑
Equity strengthened

Book equity 483.7k NOK → 2.07m NOK (equity ratio 20.3% → 62.2%). Calculated

↓
Revenue fell

Operating income / revenue moved from 14.18m NOK to 13.03m NOK (-8.1% YoY). Calculated
↓
Operating result weakened

Operating result +1.25m NOK → +777.9k NOK (op. margin 8.8% → 6.0%). Calculated
↓
Cash fell

Bank deposits 1.22m NOK → 757.0k NOK (-38.2% YoY). Calculated