ADVENTURE PHOTO AS: årsregnskap 2012 vs 2011
Grew 4078% on revenue, returned to profit
approved 2013-05-02; registry 2013-06-26; journal 2013 490769
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVENTURE PHOTO AS. Revenue 23.1k NOK → 963.5k NOK (+4078.3%). Net result -31.5k NOK → +4 NOK. Equity 156.4k NOK → 102.4k NOK.
On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVENTURE PHOTO AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 23.1k NOK to 963.5k NOK (+4078.3% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 31.5k NOK to a profit of 4 NOK. Calculated
-
↑
Cash rose
Bank deposits 2 653 NOK → 32.2k NOK (+1115.1% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 156.4k NOK → 102.4k NOK (equity ratio 73.9% → 58.1%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.91× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 11.4k NOK → 1 493 NOK (-86.9% YoY). Calculated