ADDCON NORDIC AS: årsregnskap 2012 vs 2011
Shrank 100% on revenue, stronger earnings
approved 2013-05-22; registry 2013-09-14; journal 2013 807534
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADDCON NORDIC AS. Revenue 380.11m NOK → 380.4k NOK (-99.9%). Net result -9.62m NOK → -6.58m NOK. Equity 44.48m NOK → 37.90m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADDCON NORDIC AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -5.09m NOK → +2.31m NOK (op. margin -1.3% → 606.7%). Calculated
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↑
Net result improved
Net result -9.62m NOK → -6.58m NOK (net margin -2.5% → -1729.3%). Calculated
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Cash rose
Bank deposits 3.55m NOK → 10.47m NOK (+194.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 380.11m NOK to 380.4k NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 44.48m NOK → 37.90m NOK (equity ratio 14.1% → 12.7%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 44.48m NOK → 37.90m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 299.99m NOK → 15.29m NOK (-94.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 25.39m NOK → 25.09m NOK. Reported fact