ADACON AS: årsregnskap 2014 vs 2013
Grew 11% on revenue, cash halved-plus
approved 2015-03-30; registry 2015-04-22; journal 2015 365671
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADACON AS. Revenue 1.35m NOK → 1.49m NOK (+10.8%). Equity 678.2k NOK → 1 177 NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADACON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.35m NOK to 1.49m NOK (+10.8% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 678.2k NOK → 1 177 NOK (equity ratio 76.3% → 0.3%). Calculated
-
↓
Cash fell
Bank deposits 638.2k NOK → 41.4k NOK (-93.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 919.3k NOK → 2.92m NOK (68% → 196% of revenue). Calculated