FirmaIQ
Org.nr 995 205 262 2011 → 2012 Year-over-year analysis

ADIMA ENGINEERING AS: årsregnskap 2012 vs 2011

Shrank 50% on revenue, cash halved-plus, fresh owner capital

approved 2013-06-26; registry 2013-08-31; journal 2013 705918

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for ADIMA ENGINEERING AS. Revenue 1.23m NOK → 619.3k NOK (-49.6%). Equity 5.41m NOK → 160.2k NOK.

On the constructive side: operating result improved; current ratio back above 1×; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADIMA ENGINEERING AS.

At a glance

Scorecard

Revenue
1.23m NOK 619.3k NOK
-49.6%
Operating result
-904.0k NOK -254.3k NOK
+71.9%
Equity
5.41m NOK 160.2k NOK
-97.0%
Cash
1.12m NOK 119.7k NOK
-89.3%
Total assets
498.8k NOK 363.7k NOK
-27.1%

What improved

  • ↑

    Operating result improved

    Operating result -904.0k NOK → -254.3k NOK (op. margin -73.6% → -41.1%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.46× → 1.79×. Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 400 NOK → 1.40m NOK (+1.40m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.23m NOK to 619.3k NOK (-49.6% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 5.41m NOK → 160.2k NOK (equity ratio 1084.8% → 44.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.12m NOK → 119.7k NOK (-89.3% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1 534 NOK → 3.72m NOK (0% → 601% of revenue). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.12m NOK → 119.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation