Org.nr 981 118 081 2012 → 2013 Year-over-year analysis

ADMINOR AS: årsregnskap 2013 vs 2012

Mixed movements in the accounts

approved 2014-02-12; registry 2014-03-20; journal 2014 323678

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ADMINOR AS. Revenue 4.60m NOK → 4.56m NOK (-1.0%). Equity 989.8k NOK → 102.5k NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADMINOR AS.

At a glance

Revenue

4.60m NOK 4.56m NOK

-1.0%

Equity

989.8k NOK 102.5k NOK

-89.6%

Cash

2.02m NOK 2.13m NOK

+5.2%

Total assets

2.54m NOK 2.64m NOK

+3.9%

↑
Cash rose

Bank deposits 2.02m NOK → 2.13m NOK (+5.2% YoY). Calculated
↑
Payroll decreased

Salary cost 3.33m NOK → 2.96m NOK (72% → 65% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 4.60m NOK to 4.56m NOK (-1.0% YoY). Calculated
↓
Equity eroded

Book equity 989.8k NOK → 102.5k NOK (equity ratio 39.0% → 3.9%). Calculated

·
Thin equity buffer

Equity ratio is 3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation