ADOBE SYSTEMS NORGE AS: årsregnskap 2012 vs 2011
Shrank 22% on revenue
approved 2013-05-08; registry 2013-07-02; journal 2013 515951
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADOBE SYSTEMS NORGE AS. Revenue 10.00m NOK → 7.80m NOK (-22.0%). Net result +1.35m NOK → +1.35m NOK. Equity 2.44m NOK → 1.09m NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADOBE SYSTEMS NORGE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 1.15m NOK → 1.23m NOK (+7.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.11× → 1.26×. Calculated
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↑
Payroll decreased
Salary cost 6.74m NOK → 4.61m NOK (67% → 59% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.00m NOK to 7.80m NOK (-22.0% YoY). Calculated
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↓
Equity eroded
Book equity 2.44m NOK → 1.09m NOK (equity ratio 42.4% → 20.7%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 1.06m NOK → 1.00m NOK — check capital reduction, conversion, or reclassification. Interpretation