ADETA AS: årsregnskap 2013 vs 2012
Shrank 35% on revenue, slipped into loss
approved 2014-06-04; registry 2014-07-08; journal 2014 555590
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADETA AS. Revenue 693.1k NOK → 451.6k NOK (-34.8%). Net result +146.4k NOK → -171.7k NOK. Equity 166.4k NOK → -3 673 NOK.
On the constructive side: cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADETA AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 80.2k NOK → 514.9k NOK (+542.4% YoY). Calculated
-
↑
Owners injected capital
Paid-in equity rose 20.0k NOK → 21.6k NOK (+1 555 NOK). Reported fact
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 693.1k NOK to 451.6k NOK (-34.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +200.0k NOK → -165.5k NOK (op. margin 28.9% → -36.7%). Calculated
-
↓
Fell into a net loss
Net result flipped from 146.4k NOK profit to a loss of 171.7k NOK. Calculated
-
↓
Equity eroded
Book equity 166.4k NOK → -3 673 NOK (equity ratio 41.6% → -1.1%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.73× → 0.77× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation