ADP AS: årsregnskap 2013 vs 2012
Grew 66% on revenue, stronger earnings
approved 2014-05-21; registry 2014-06-04; journal 2014 436546
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADP AS. Revenue 10.09m NOK → 16.75m NOK (+66.0%). Net result +1 083 NOK → +1.90m NOK. Equity 405.3k NOK → 508.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADP AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 10.09m NOK to 16.75m NOK (+66.0% YoY). Calculated
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Operating result improved
Operating result +1.52m NOK → +2.69m NOK (op. margin 15.0% → 16.0%). Calculated
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Net result improved
Net result +1 083 NOK → +1.90m NOK (net margin 0.0% → 11.4%). Calculated
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Equity strengthened
Book equity 405.3k NOK → 508.6k NOK (equity ratio 687.2% → 10.1%). Calculated
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Current ratio back above 1×
Current ratio 0.09× → 1.09×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 617.5k NOK → 500.0k NOK (-19.0% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 2.79m NOK → 3.98m NOK (28% → 24% of revenue). Calculated
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COGS moved
COGS / varekostnad 441 NOK → 9 088 NOK (+1960.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 44.9k NOK → 40.4k NOK. Reported fact