AD:NUM AS: årsregnskap 2015 vs 2014
Slipped into loss, cash halved-plus
approved 2016-06-28; registry 2016-09-13; journal 2016 941329
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AD:NUM AS. Revenue 611.6k NOK → 600.8k NOK (-1.8%). Net result +11.3k NOK → -49.9k NOK. Equity 86.0k NOK → 36.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AD:NUM AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 9.42m NOK → 465.7k NOK (1541% → 78% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 611.6k NOK to 600.8k NOK (-1.8% YoY). Calculated
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↓
Operating result weakened
Operating result +18.5k NOK → -59.8k NOK (op. margin 3.0% → -10.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 11.3k NOK profit to a loss of 49.9k NOK. Calculated
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↓
Equity eroded
Book equity 86.0k NOK → 36.1k NOK (equity ratio 9.8% → 4.5%). Calculated
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↓
Cash fell
Bank deposits 359.8k NOK → 140.3k NOK (-61.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation