ADVENIO AS: årsregnskap 2012 vs 2011
Grew 8% on revenue, returned to profit, cash halved-plus
approved 2013-03-08; registry 2013-03-18; journal 2013 318910
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVENIO AS. Revenue 3.35m NOK → 3.62m NOK (+8.0%). Net result -207.2k NOK → +266.4k NOK. Equity 297.6k NOK → 514.0k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for ADVENIO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.35m NOK to 3.62m NOK (+8.0% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 207.2k NOK to a profit of 266.4k NOK. Calculated
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↑
Equity strengthened
Book equity 297.6k NOK → 514.0k NOK (equity ratio 543.7% → 39.5%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 2.26m NOK → 537.5k NOK (-76.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.06× → 0.00× — 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 (2.26m NOK → 537.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 504.8k NOK → 454.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 159.0k NOK → 375.5k NOK (+136.2% YoY). Calculated