FirmaIQ
Org.nr 982 713 862 2011 → 2012 Year-over-year analysis

ADRENALIN AS: årsregnskap 2012 vs 2011

Shrank 42% on revenue, weaker earnings, cash halved-plus

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for ADRENALIN AS. Revenue 10.69m NOK → 6.17m NOK (-42.2%). Net result +6.62m NOK → +749 NOK. Equity 1.18m NOK → 902.7k NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADRENALIN AS.

At a glance

Scorecard

Revenue
10.69m NOK 6.17m NOK
-42.2%
Operating result
+8.52m NOK +4.39m NOK
-48.5%
Net result
+6.62m NOK +749 NOK
-100.0%
Equity
1.18m NOK 902.7k NOK
-23.8%
Cash
10.57m NOK 2.69m NOK
-74.5%
Total assets
11.81m NOK 8.79m NOK
-25.5%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 10.69m NOK to 6.17m NOK (-42.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +8.52m NOK → +4.39m NOK (op. margin 79.7% → 71.1%). Calculated

  • ↓

    Net result weakened

    Net result +6.62m NOK → +749 NOK (net margin 61.9% → 0.0%). Calculated

  • ↓

    Equity eroded

    Book equity 1.18m NOK → 902.7k NOK (equity ratio 10.0% → 10.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 10.57m NOK → 2.69m NOK (-74.5% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (10.57m NOK → 2.69m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 35.5k NOK → 0 NOK (-100.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 318 NOK → 318.0k NOK. Reported fact