ADRESSEAVISEN AS: årsregnskap 2013 vs 2012
Grew 98104% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADRESSEAVISEN AS. Revenue 672.4k NOK → 660.30m NOK (+98104.3%). Net result +46.2k NOK → +69.85m NOK. Equity 195.4k NOK → 154.06m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADRESSEAVISEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 672.4k NOK to 660.30m NOK (+98104.3% YoY). Calculated
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Operating result improved
Operating result +1 487 NOK → +29.90m NOK (op. margin 0.2% → 4.5%). Calculated
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Net result improved
Net result +46.2k NOK → +69.85m NOK (net margin 6.9% → 10.6%). Calculated
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Equity strengthened
Book equity 195.4k NOK → 154.06m NOK (equity ratio 43.0% → 37.3%). Calculated
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Owners injected capital
Paid-in equity rose 70.2k NOK → 70.22m NOK (+70.15m NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 13.14m NOK → 24.0k NOK (-99.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (13.14m NOK → 24.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 134.0k NOK → 16.13bn NOK (+12035163.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 14.0k NOK → 10.93m NOK. Reported fact