ADVENIO AS: årsregnskap 2013 vs 2012
Mixed movements in the accounts
approved 2014-02-20; registry 2014-03-06; journal 2014 312119
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVENIO AS. Revenue 3.62m NOK → 3.70m NOK (+2.3%). Equity 514.0k NOK → 36.9k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell. 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 3.62m NOK to 3.70m NOK (+2.3% YoY). Calculated
-
↑
Cash rose
Bank deposits 537.5k NOK → 1.32m NOK (+145.2% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.00× → 2.22×. Calculated
-
↑
Owners injected capital
Paid-in equity rose 454.8k NOK → 504.8k NOK (+50.0k NOK). Reported fact
What deteriorated
-
↓
Equity eroded
Book equity 514.0k NOK → 36.9k NOK (equity ratio 39.5% → 2.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 375.5k NOK → 347.4k NOK (-7.5% YoY). Calculated