AD HOC TJENESTER AS: årsregnskap 2014 vs 2013
Grew 23% on revenue, stronger earnings, cash halved-plus
approved 2015-06-30; registry 2015-07-30; journal 2015 670730
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AD HOC TJENESTER AS. Revenue 216.9k NOK → 267.6k NOK (+23.4%). Net result +5 785 NOK → +17.4k NOK. Equity 166.6k NOK → 184 NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AD HOC TJENESTER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 216.9k NOK to 267.6k NOK (+23.4% YoY). Calculated
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↑
Net result improved
Net result +5 785 NOK → +17.4k NOK (net margin 2.7% → 6.5%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +21.0k NOK → +17.4k NOK (op. margin 9.7% → 6.5%). Calculated
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↓
Equity eroded
Book equity 166.6k NOK → 184 NOK (equity ratio 39.6% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 4 979 NOK → 77 NOK (-98.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 13.74× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation