ADJUVANTE AS: årsregnskap 2012 vs 2011
Grew 32% on revenue, stronger earnings
approved 2013-05-30; registry 2013-07-01; journal 2013 509275
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADJUVANTE AS. Revenue 345.9k NOK → 454.9k NOK (+31.5%). Net result -36.1k NOK → -8 504 NOK. Equity 191.4k NOK → 182.9k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADJUVANTE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 345.9k NOK to 454.9k NOK (+31.5% YoY). Calculated
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↑
Net result improved
Net result -36.1k NOK → -8 504 NOK (net margin -10.4% → -1.9%). Calculated
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↑
Cash rose
Bank deposits 23.1k NOK → 41.6k NOK (+80.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 191.4k NOK → 182.9k NOK (equity ratio 37.9% → 30.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 14.8k NOK → 204.7k NOK (4% → 45% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 128.7k NOK → 29.4k NOK (-77.1% YoY). Calculated