ADVENT NORWAY AS: årsregnskap 2012 vs 2011
Weaker earnings
approved 2013-05-09; registry 2013-05-27; journal 2013 408257
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVENT NORWAY AS. Revenue 29.79m NOK → 28.55m NOK (-4.2%). Net result -1.38m NOK → -2.78m NOK. Equity 23.13m NOK → 20.35m NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
29.79m NOK
28.55m NOK
-4.2%
Operating result
+400.8k NOK
n/m
—
Net result
-1.38m NOK
-2.78m NOK
-101.3%
Equity
23.13m NOK
20.35m NOK
-12.0%
Cash
5.72m NOK
5.48m NOK
-4.2%
Total assets
30.06m NOK
27.23m NOK
-9.4%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 29.79m NOK to 28.55m NOK (-4.2% YoY). Calculated
-
↓
Net result weakened
Net result -1.38m NOK → -2.78m NOK (net margin -4.6% → -9.7%). Calculated
-
↓
Equity eroded
Book equity 23.13m NOK → 20.35m NOK (equity ratio 77.0% → 74.7%). Calculated
-
↓
Cash fell
Bank deposits 5.72m NOK → 5.48m NOK (-4.2% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 17.11m NOK → 18.48m NOK (57% → 65% of revenue). Calculated