ADDBRAND NORWAY AS: årsregnskap 2012 vs 2011
Shrank 26% on revenue
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADDBRAND NORWAY AS. Revenue 76.97m NOK → 56.72m NOK (-26.3%). Net result +832.9k NOK → +966.6k NOK. Equity 17.20m NOK → 33.18m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADDBRAND NORWAY AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +832.9k NOK → +966.6k NOK (net margin 1.1% → 1.7%). Calculated
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Equity strengthened
Book equity 17.20m NOK → 33.18m NOK (equity ratio 100.0% → 75.4%). Calculated
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Cash rose
Bank deposits 914.6k NOK → 1.34m NOK (+46.4% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 76.97m NOK to 56.72m NOK (-26.3% YoY). Calculated
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Operating result weakened
Operating result -88.4k NOK → -2.44m NOK (op. margin -0.1% → -4.3%). Calculated
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Payroll up without matching revenue
Salary cost 48.5k NOK → 19.46m NOK (0% → 34% of revenue). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 12.51m NOK → 12.42m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 47.38m NOK → 30.59m NOK (-35.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 16.11m NOK → 23.59m NOK. Reported fact