ADD MEDIA AS: årsregnskap 2013 vs 2012
Mixed movements in the accounts
approved 2014-02-25; registry 2014-06-21; journal 2014 482576
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADD MEDIA AS. Revenue 8.41m NOK → 8.08m NOK (-4.0%). Equity 1.85m NOK → 1.61m NOK.
Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADD MEDIA AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.41m NOK to 8.08m NOK (-4.0% YoY). Calculated
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↓
Equity eroded
Book equity 1.85m NOK → 1.61m NOK (equity ratio 52.1% → 45.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.43× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 1.43m NOK → 2.20m NOK (17% → 27% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.87m NOK → 4.48m NOK (-7.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 147.7k NOK → 564.8k NOK. Reported fact