ADOLPH TIDEMANDSGT 20/22 AS: årsregnskap 2013 vs 2012
Stronger earnings, cash halved-plus
approved 2014-06-30; registry 2014-08-14; journal 2014 658272
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADOLPH TIDEMANDSGT 20/22 AS. Revenue 3.86m NOK → 3.94m NOK (+2.2%). Net result +609.6k NOK → +2.13m NOK. Equity 6.65m NOK → 8.77m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADOLPH TIDEMANDSGT 20/22 AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.86m NOK to 3.94m NOK (+2.2% YoY). Calculated
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Operating result improved
Operating result +2.50m NOK → +3.06m NOK (op. margin 64.7% → 77.5%). Calculated
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Net result improved
Net result +609.6k NOK → +2.13m NOK (net margin 15.8% → 53.9%). Calculated
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Equity strengthened
Book equity 6.65m NOK → 8.77m NOK (equity ratio 26.9% → 25.1%). Calculated
What deteriorated
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Cash fell
Bank deposits 8.32m NOK → 809.5k NOK (-90.3% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 61.35× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (8.32m NOK → 809.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 870.0k NOK → 913.1k NOK. Reported fact