ADEA AS: årsregnskap 2012 vs 2011
Shrank 46% on revenue
approved 2013-04-26; registry 2013-09-02; journal 2013 726233
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADEA AS. Revenue 4.21m NOK → 2.28m NOK (-45.7%). Equity 114.4k NOK → -244.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADEA AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 3.14m NOK → 1.92m NOK (75% → 84% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 4.21m NOK to 2.28m NOK (-45.7% YoY). Calculated
-
↓
Operating result weakened
Operating result -457.3k NOK → -1.02m NOK (op. margin -10.9% → -44.7%). Calculated
-
↓
Equity eroded
Book equity 114.4k NOK → -244.7k NOK (equity ratio 10.8% → -33.0%). Calculated
-
↓
Cash fell
Bank deposits 188.1k NOK → 117.2k NOK (-37.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -33.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 138.8k NOK → 5 692 NOK (-95.9% YoY). Calculated