ADMINISTRATOR AS: årsregnskap 2012 vs 2011
Grew 148843% on revenue, cash halved-plus
approved 2013-06-27; registry 2013-08-05; journal 2013 606408
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADMINISTRATOR AS. Revenue 1 372 NOK → 2.04m NOK (+148842.8%). Equity 642.7k NOK → 641.4k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADMINISTRATOR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 372 NOK to 2.04m NOK (+148842.8% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 642.7k NOK → 641.4k NOK (equity ratio 94.1% → 7.0%). Calculated
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↓
Cash fell
Bank deposits 701.1k NOK → 212.5k NOK (-69.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 21.76× → 0.14× — 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 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 613.0k NOK → 1.35m NOK (44680% → 66% of revenue). Calculated