ADRETT AS: årsregnskap 2012 vs 2011
Grew 49% on revenue, stronger earnings
approved 2013-05-23; registry 2013-07-22; journal 2013 578912
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADRETT AS. Revenue 2.46m NOK → 3.67m NOK (+49.1%). Net result +74.5k NOK → +357.8k NOK. Equity 387.5k NOK → 745.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADRETT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.46m NOK to 3.67m NOK (+49.1% YoY). Calculated
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↑
Operating result improved
Operating result +118.1k NOK → +506.0k NOK (op. margin 4.8% → 13.8%). Calculated
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Net result improved
Net result +74.5k NOK → +357.8k NOK (net margin 3.0% → 9.7%). Calculated
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Equity strengthened
Book equity 387.5k NOK → 745.3k NOK (equity ratio 39.9% → 129.5%). Calculated
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↑
Cash rose
Bank deposits 370.1k NOK → 892.4k NOK (+141.1% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 2.65× → 0.80× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 756.9k NOK → 1.06m NOK (31% → 29% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 898.7k NOK → 320.2k NOK (-64.4% YoY). Calculated