ADEK AS: årsregnskap 2013 vs 2012
Grew 23% on revenue
approved 2014-06-02; registry 2014-06-23; journal 2014 495321
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADEK AS. Revenue 2.84m NOK → 3.48m NOK (+22.6%). Equity -15.0k NOK → -215.6k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. 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 2.84m NOK to 3.48m NOK (+22.6% YoY). Calculated
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↑
Cash rose
Bank deposits 382.3k NOK → 428.2k NOK (+12.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 1.00× → 1.05×. Calculated
What deteriorated
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↓
Equity eroded
Book equity -15.0k NOK → -215.6k NOK (equity ratio -2.0% → -23.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -23.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.39m NOK → 1.54m NOK (49% → 44% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 937.5k NOK → 1 108 NOK (-99.9% YoY). Calculated