ADFUNC AS: årsregnskap 2013 vs 2012
Shrank 88% on revenue, stronger earnings
approved 2014-06-30; registry 2014-08-29; journal 2014 722516
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADFUNC AS. Revenue 1.06m NOK → 130.5k NOK (-87.7%). Net result +89.7k NOK → +158.9k NOK. Equity 239.5k NOK → 398.4k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cogs moved.
Also worth watching: 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 +136.4k NOK → +228.8k NOK (op. margin 12.9% → 175.3%). Calculated
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Net result improved
Net result +89.7k NOK → +158.9k NOK (net margin 8.4% → 121.7%). Calculated
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Equity strengthened
Book equity 239.5k NOK → 398.4k NOK (equity ratio 41.4% → 53.5%). Calculated
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Cash rose
Bank deposits 17.4k NOK → 263.5k NOK (+1412.9% YoY). Calculated
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Payroll decreased
Salary cost 286.2k NOK → 1 389 NOK (27% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.06m NOK to 130.5k NOK (-87.7% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 344.3k NOK → 778.2k NOK (+126.0% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 137.1k NOK → 257.8k NOK. Reported fact