ADICO SERVICE AS: årsregnskap 2013 vs 2012
Grew 5426% on revenue
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADICO SERVICE AS. Revenue 12.1k NOK → 670.2k NOK (+5425.8%). Net result +70.1k NOK → +56.4k NOK. Equity 46.6k NOK → 9 857 NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADICO SERVICE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 12.1k NOK to 670.2k NOK (+5425.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.77× → 1.08×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +70.0k NOK → +56.3k NOK (op. margin 577.1% → 8.4%). Calculated
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↓
Net result weakened
Net result +70.1k NOK → +56.4k NOK (net margin 577.9% → 8.4%). Calculated
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↓
Equity eroded
Book equity 46.6k NOK → 9 857 NOK (equity ratio 30.0% → 7.3%). Calculated
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Cash fell
Bank deposits 48.4k NOK → 45.6k NOK (-5.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation