Org.nr 935 333 156 2011 → 2012 Year-over-year analysis

ADECCO NORGE AS: årsregnskap 2012 vs 2011

Mixed movements in the accounts

approved 2013-05-21; registry 2013-09-09; journal 2013 772054

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for ADECCO NORGE AS. Revenue 1.91bn NOK → 1.92bn NOK (+0.5%). Equity 301.58m NOK → 282.70m NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADECCO NORGE AS.

At a glance

Revenue

1.91bn NOK 1.92bn NOK

+0.5%

Operating result

-105.75m NOK -38.51m NOK

+63.6%

Equity

301.58m NOK 282.70m NOK

-6.3%

Cash

25.19m NOK 95.58m NOK

+279.4%

Total assets

1.00bn NOK 1.09bn NOK

+8.8%

↑
Revenue rose

Operating income / revenue moved from 1.91bn NOK to 1.92bn NOK (+0.5% YoY). Calculated
↑
Operating result improved

Operating result -105.75m NOK → -38.51m NOK (op. margin -5.5% → -2.0%). Calculated
↑
Cash rose

Bank deposits 25.19m NOK → 95.58m NOK (+279.4% YoY). Calculated
↑
Payroll decreased

Salary cost 453.17m NOK → 8.48m NOK (24% → 0% of revenue). Calculated

↓
Equity eroded

Book equity 301.58m NOK → 282.70m NOK (equity ratio 30.1% → 25.9%). Calculated

·
Paid-in equity reduced

Paid-in equity fell 209.05m NOK → 223.6k NOK — check capital reduction, conversion, or reclassification. Interpretation