ADDCON NORDIC AS: årsregnskap 2011 vs 2010
Shrank 28% on revenue, slipped into loss, cash halved-plus
approved 2012-06-29; registry 2012-09-05; journal 2012 716929
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADDCON NORDIC AS. Revenue 527.79m NOK → 380.11m NOK (-28.0%). Net result +14.91m NOK → -9.62m NOK. Equity 47.95m NOK → 44.48m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADDCON NORDIC AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 527.79m NOK to 380.11m NOK (-28.0% YoY). Calculated
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Operating result weakened
Operating result +34.58m NOK → -5.09m NOK (op. margin 6.6% → -1.3%). Calculated
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Fell into a net loss
Net result flipped from 14.91m NOK profit to a loss of 9.62m NOK. Calculated
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Equity eroded
Book equity 47.95m NOK → 44.48m NOK (equity ratio 12331.4% → 14.1%). Calculated
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Cash fell
Bank deposits 9.91m NOK → 3.55m NOK (-64.1% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (9.91m NOK → 3.55m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 47.95m NOK → 44.48m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 24.36m NOK → 25.39m NOK. Reported fact