ADEK AS: årsregnskap 2012 vs 2011
Grew 8% on revenue
approved 2013-05-31; registry 2013-09-09; journal 2013 775878
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADEK AS. Revenue 2.62m NOK → 2.84m NOK (+8.2%). Equity 202.3k NOK → -15.0k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADEK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.62m NOK to 2.84m NOK (+8.2% YoY). Calculated
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↑
Cash rose
Bank deposits 177.5k NOK → 382.3k NOK (+115.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.42m NOK → 1.39m NOK (54% → 49% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 202.3k NOK → -15.0k NOK (equity ratio 23.0% → -2.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.21× → 1.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -2.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 851.5k NOK → 937.5k NOK (+10.1% YoY). Calculated