ADIANTE AS: årsregnskap 2012 vs 2011
Shrank 10% on revenue, cash halved-plus
approved 2013-04-09; registry 2013-07-10; journal 2013 545192
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADIANTE AS. Revenue 936.3k NOK → 842.5k NOK (-10.0%). Equity 6.09m NOK → 6.32m NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADIANTE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 6.09m NOK → 6.32m NOK (equity ratio 91.1% → 97.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.17× → 6.00×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 936.3k NOK to 842.5k NOK (-10.0% YoY). Calculated
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↓
Cash fell
Bank deposits 1.43m NOK → 169.6k NOK (-88.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 501.0k NOK → 607.6k NOK (54% → 72% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.43m NOK → 169.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 3.17m NOK → 3.42m NOK. Reported fact