ADVISTA AS: årsregnskap 2012 vs 2011
Grew 21% on revenue, cash halved-plus
approved 2013-06-20; registry 2013-09-17; journal 2013 815248
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVISTA AS. Revenue 7.96m NOK → 9.62m NOK (+20.9%). Equity 3.25m NOK → 3.87m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ADVISTA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.96m NOK to 9.62m NOK (+20.9% YoY). Calculated
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↑
Operating result improved
Operating result +449.5k NOK → +841.5k NOK (op. margin 5.6% → 8.7%). Calculated
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↑
Equity strengthened
Book equity 3.25m NOK → 3.87m NOK (equity ratio 34.1% → 39.6%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 20.57m NOK → 2.32m NOK (-88.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (20.57m NOK → 2.32m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 6.40m NOK → 8.02m NOK (80% → 83% of revenue). Calculated