Org.nr 861 213 102 2010 → 2011 Year-over-year analysis

ADEK AS: årsregnskap 2011 vs 2010

Shrank 38% on revenue

approved 2012-05-31; registry 2012-09-10; journal 2012 755718

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ADEK AS. Revenue 4.20m NOK → 2.62m NOK (-37.5%). Equity 431.6k NOK → 202.3k NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADEK AS.

At a glance

Revenue

4.20m NOK 2.62m NOK

-37.5%

Operating result

+23.7k NOK +305.0k NOK

+1186.9%

Equity

431.6k NOK 202.3k NOK

-53.1%

Cash

n/m 177.5k NOK

—

Total assets

1.01m NOK 879.7k NOK

-13.3%

↑
Operating result improved

Operating result +23.7k NOK → +305.0k NOK (op. margin 0.6% → 11.6%). Calculated
↑
Payroll decreased

Salary cost 1.77m NOK → 1.42m NOK (42% → 54% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 4.20m NOK to 2.62m NOK (-37.5% YoY). Calculated
↓
Equity eroded

Book equity 431.6k NOK → 202.3k NOK (equity ratio 42.5% → 23.0%). Calculated