FirmaIQ
Org.nr 980 084 361 2012 → 2013 Year-over-year analysis

ADNOVA AS: årsregnskap 2013 vs 2012

Grew 272% on revenue, weaker earnings

approved 2014-06-10; registry 2014-08-21; journal 2014 686077

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ADNOVA AS. Revenue 50.4k NOK → 187.4k NOK (+271.9%). Net result -465 NOK → -23.6k NOK. Equity 16.6k NOK → -6 974 NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.

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

At a glance

Scorecard

Revenue
50.4k NOK 187.4k NOK
+271.9%
Operating result
-2 732 NOK -30.8k NOK
-1028.3%
Net result
-465 NOK -23.6k NOK
-4974.4%
Equity
16.6k NOK -6 974 NOK
-142.0%
Cash
136.3k NOK 144.0k NOK
+5.7%
Total assets
164.4k NOK 179.7k NOK
+9.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 50.4k NOK to 187.4k NOK (+271.9% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 136.3k NOK → 144.0k NOK (+5.7% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -2 732 NOK → -30.8k NOK (op. margin -5.4% → -16.4%). Calculated

  • ↓

    Net result weakened

    Net result -465 NOK → -23.6k NOK (net margin -0.9% → -12.6%). Calculated

  • ↓

    Equity eroded

    Book equity 16.6k NOK → -6 974 NOK (equity ratio 10.1% → -3.9%). Calculated

Things to notice

  • ·

    Thin equity buffer

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