Org.nr 992 564 113 2011 → 2012 Year-over-year analysis

ADDOVATION AS: årsregnskap 2012 vs 2011

Grew 16% on revenue

approved 2013-03-20; registry 2013-04-13; journal 2013 342890

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for ADDOVATION AS. Revenue 10.01m NOK → 11.64m NOK (+16.3%). Equity 2.59m NOK → 2.89m NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; cash fell.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADDOVATION AS.

At a glance

Revenue

10.01m NOK 11.64m NOK

+16.3%

Operating result

+1.97m NOK +1.30m NOK

-33.7%

Net result

n/m +997.0k NOK

—

Equity

2.59m NOK 2.89m NOK

+11.5%

Cash

3.69m NOK 3.57m NOK

-3.5%

Total assets

6.08m NOK 5.96m NOK

-2.0%

↑
Revenue rose

Operating income / revenue moved from 10.01m NOK to 11.64m NOK (+16.3% YoY). Calculated
↑
Equity strengthened

Book equity 2.59m NOK → 2.89m NOK (equity ratio 42.5% → 48.4%). Calculated

↓
Operating result weakened

Operating result +1.97m NOK → +1.30m NOK (op. margin 19.6% → 11.2%). Calculated
↓
Cash fell

Bank deposits 3.69m NOK → 3.57m NOK (-3.5% YoY). Calculated

·
Payroll increased

Salary cost 5.98m NOK → 7.31m NOK (60% → 63% of revenue). Calculated