FirmaIQ
Org.nr 954 690 873 2011 → 2012 Year-over-year analysis

ADIDAS NORGE AS: årsregnskap 2012 vs 2011

Slipped into loss, cash halved-plus

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for ADIDAS NORGE AS. Revenue 406.52m NOK → 420.04m NOK (+3.3%). Net result +18.45m NOK → -2.13m NOK. Equity 20.06m NOK → 17.93m NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADIDAS NORGE AS.

At a glance

Scorecard

Revenue
406.52m NOK 420.04m NOK
+3.3%
Operating result
+11.80m NOK +10.02m NOK
-15.1%
Net result
+18.45m NOK -2.13m NOK
-111.5%
Equity
20.06m NOK 17.93m NOK
-10.6%
Cash
7.26m NOK 2.88m NOK
-60.3%
Total assets
71.52m NOK 52.18m NOK
-27.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 406.52m NOK to 420.04m NOK (+3.3% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +11.80m NOK → +10.02m NOK (op. margin 2.9% → 2.4%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 18.45m NOK profit to a loss of 2.13m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 20.06m NOK → 17.93m NOK (equity ratio 28.1% → 34.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 7.26m NOK → 2.88m NOK (-60.3% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (7.26m NOK → 2.88m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Payroll increased

    Salary cost 25.69m NOK → 26.65m NOK (6% → 6% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 1.28bn NOK → 292.84m NOK (-77.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 14.57m NOK → 5.40m NOK. Reported fact