ADDCON NORDIC AS: årsregnskap 2013 vs 2012
Grew 129757% on revenue, returned to profit
approved 2014-05-29; registry 2014-08-21; journal 2014 690870
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADDCON NORDIC AS. Revenue 380.4k NOK → 494.04m NOK (+129757.0%). Net result -6.58m NOK → +584.0k NOK. Equity 37.90m NOK → 38.48m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved; 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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Revenue rose
Operating income / revenue moved from 380.4k NOK to 494.04m NOK (+129757.0% YoY). Calculated
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Operating result improved
Operating result +2.31m NOK → +18.61m NOK (op. margin 606.7% → 3.8%). Calculated
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Turned profitable
Net result flipped from a loss of 6.58m NOK to a profit of 584.0k NOK. Calculated
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Equity strengthened
Book equity 37.90m NOK → 38.48m NOK (equity ratio 12.7% → 14.0%). Calculated
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Owners injected capital
Paid-in equity rose 37.90m NOK → 38.48m NOK (+584.0k NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 10.47m NOK → 10.37m NOK (-1.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 958.83× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 15.29m NOK → 15.40m NOK (+0.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 25.09m NOK → 28.63m NOK. Reported fact