ADELSMANN AS: årsregnskap 2013 vs 2012
Grew 12% on revenue, weaker earnings
approved 2014-06-30; registry 2014-09-02; journal 2014 749374
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADELSMANN AS. Revenue 4.96m NOK → 5.54m NOK (+11.6%). Net result +540.33bn NOK → +313.04m NOK. Equity 387.4k NOK → 1.70m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
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 4.96m NOK to 5.54m NOK (+11.6% YoY). Calculated
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↑
Equity strengthened
Book equity 387.4k NOK → 1.70m NOK (equity ratio 11.1% → 46.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +766.4k NOK → +431.8k NOK (op. margin 15.4% → 7.8%). Calculated
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↓
Net result weakened
Net result +540.33bn NOK → +313.04m NOK (net margin 10883510.1% → 5648.8%). Calculated
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↓
Cash fell
Bank deposits 736.7k NOK → 550.4k NOK (-25.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.23m NOK → 1.45m NOK (25% → 26% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.98m NOK → 2.52m NOK (+27.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 322.1k NOK → 339.9k NOK. Reported fact