ADD ENERGY GROUP AS: årsregnskap 2012 vs 2011
Grew 19% on revenue, slipped into loss
approved 2013-05-14; registry 2013-06-22; journal 2013 484049
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADD ENERGY GROUP AS. Revenue 7.93m NOK → 9.47m NOK (+19.5%). Net result +1.69m NOK → -828.0k NOK. Equity 283.4k NOK → 283.7k NOK.
On the constructive side: revenue rose; operating result improved; owners injected capital. Pressures included: fell into a net loss.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADD ENERGY GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.93m NOK to 9.47m NOK (+19.5% YoY). Calculated
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↑
Operating result improved
Operating result -18.28m NOK → +22.72m NOK (op. margin -230.5% → 239.8%). Calculated
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↑
Owners injected capital
Paid-in equity rose 280.8k NOK → 283.1k NOK (+2 313 NOK). Reported fact
What deteriorated
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↓
Fell into a net loss
Net result flipped from 1.69m NOK profit to a loss of 828.0k NOK. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 25.15m NOK → 25.18m NOK (317% → 266% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 153.0k NOK → 2.53m NOK (+1554.2% YoY). Calculated