ADFLASH AS: årsregnskap 2013 vs 2012
Grew 63% on revenue
approved 2014-06-30; registry 2014-07-24; journal 2014 605897
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADFLASH AS. Revenue 592.3k NOK → 962.8k NOK (+62.5%). Equity 129.8k NOK → 13 NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADFLASH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 592.3k NOK to 962.8k NOK (+62.5% YoY). Calculated
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↑
Operating result improved
Operating result -376.3k NOK → +424.0k NOK (op. margin -63.5% → 44.0%). Calculated
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↑
Payroll decreased
Salary cost 8 422 NOK → 15 NOK (1% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 129.8k NOK → 13 NOK (equity ratio 3.4% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 2.36m NOK → 5.40m NOK. Reported fact