Org.nr 988 988 545 2011 → 2012 Year-over-year analysis

ADD ON FITNESS INTERNATIONAL AS: årsregnskap 2012 vs 2011

Shrank 23% on revenue, cash halved-plus

approved 2013-06-26; registry 2013-09-02; journal 2013 724947

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for ADD ON FITNESS INTERNATIONAL AS. Revenue 835.2k NOK → 642.4k NOK (-23.1%).

Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADD ON FITNESS INTERNATIONAL AS.

At a glance

Revenue

835.2k NOK 642.4k NOK

-23.1%

Operating result

+579.7k NOK +314.1k NOK

-45.8%

Equity

n/m 1.20m NOK

—

Cash

544.7k NOK 184.1k NOK

-66.2%

Total assets

2.18m NOK 1.89m NOK

-13.4%

↓
Revenue fell

Operating income / revenue moved from 835.2k NOK to 642.4k NOK (-23.1% YoY). Calculated
↓
Operating result weakened

Operating result +579.7k NOK → +314.1k NOK (op. margin 69.4% → 48.9%). Calculated
↓
Cash fell

Bank deposits 544.7k NOK → 184.1k NOK (-66.2% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.09× → 0.49× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
Payroll up without matching revenue

Salary cost 208.2k NOK → 236.3k NOK (25% → 37% of revenue). Calculated

·
Paid-in equity reduced

Paid-in equity fell 680.0k NOK → 200.0k NOK — check capital reduction, conversion, or reclassification. Interpretation