ADDEND AS: årsregnskap 2012 vs 2011
Grew 11% on revenue, weaker earnings
approved 2013-06-19; registry 2013-07-04; journal 2013 521363
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADDEND AS. Revenue 304.0k NOK → 338.3k NOK (+11.3%). Net result +322.1k NOK → +245.7k NOK. Equity 1.44m NOK → 1.69m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADDEND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 304.0k NOK to 338.3k NOK (+11.3% YoY). Calculated
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↑
Equity strengthened
Book equity 1.44m NOK → 1.69m NOK (equity ratio 58.2% → 64.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +37.2k NOK → +167 NOK (op. margin 12.2% → 0.0%). Calculated
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↓
Net result weakened
Net result +322.1k NOK → +245.7k NOK (net margin 105.9% → 72.6%). Calculated
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↓
Cash fell
Bank deposits 403.9k NOK → 242.0k NOK (-40.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 296.6k NOK → 598.4k NOK. Reported fact