ADELSMANN AS: årsregnskap 2012 vs 2011
Grew 39% on revenue, returned to profit
approved 2013-06-16; registry 2013-08-08; journal 2013 614380
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADELSMANN AS. Revenue 3.57m NOK → 4.96m NOK (+39.0%). Net result -8 493 NOK → +540.33bn NOK. Equity 947.1k NOK → 387.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADELSMANN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.57m NOK to 4.96m NOK (+39.0% YoY). Calculated
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↑
Operating result improved
Operating result +261.8k NOK → +766.4k NOK (op. margin 7.3% → 15.4%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 8 493 NOK to a profit of 540.33bn NOK. Calculated
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↑
Cash rose
Bank deposits 523.4k NOK → 736.7k NOK (+40.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.61× → 3.41×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 947.1k NOK → 387.4k NOK (equity ratio 52.4% → 11.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.08m NOK → 1.23m NOK (30% → 25% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.48m NOK → 1.98m NOK (+34.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 151.7k NOK → 322.1k NOK. Reported fact