ADLOCK NORGE AS: årsregnskap 2013 vs 2012
Grew 9% on revenue, cash halved-plus
approved 2014-05-31; registry 2014-06-19; journal 2014 472176
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADLOCK NORGE AS. Revenue 1.92m NOK → 2.10m NOK (+9.1%). Equity 154.7k NOK → -159.8k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADLOCK NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.92m NOK to 2.10m NOK (+9.1% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 154.7k NOK → -159.8k NOK (equity ratio 68.9% → -27.2%). Calculated
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↓
Cash fell
Bank deposits 250.7k NOK → 8 068 NOK (-96.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.31× → 0.73× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -27.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 525.2k NOK → 866.0k NOK (+64.9% YoY). Calculated