ADFUNC AS: årsregnskap 2012 vs 2011
Shrank 45% on revenue, returned to profit, cash halved-plus
approved 2013-04-30; registry 2013-06-29; journal 2013 496198
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADFUNC AS. Revenue 1.92m NOK → 1.06m NOK (-44.6%). Net result -101.6k NOK → +89.7k NOK. Equity 149.9k NOK → 239.5k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADFUNC AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +76.5k NOK → +136.4k NOK (op. margin 4.0% → 12.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 101.6k NOK to a profit of 89.7k NOK. Calculated
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↑
Equity strengthened
Book equity 149.9k NOK → 239.5k NOK (equity ratio 22.7% → 41.4%). Calculated
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↑
Payroll decreased
Salary cost 679.3k NOK → 286.2k NOK (35% → 27% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.92m NOK to 1.06m NOK (-44.6% YoY). Calculated
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↓
Cash fell
Bank deposits 178.6k NOK → 17.4k NOK (-90.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 651.4k NOK → 344.3k NOK (-47.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 137.1k NOK. Reported fact