ADAM OG EVA JESSHEIM AS: årsregnskap 2014 vs 2013
Shrank 57% on revenue, stronger earnings
approved 2015-05-20; registry 2015-07-21; journal 2015 620649
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADAM OG EVA JESSHEIM AS. Revenue 997.8k NOK → 427.9k NOK (-57.1%). Net result -466.4k NOK → -295.0k NOK. Equity 334.0k NOK → 38.9k NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADAM OG EVA JESSHEIM AS.
At a glance
Scorecard
What improved
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Net result improved
Net result -466.4k NOK → -295.0k NOK (net margin -46.7% → -69.0%). Calculated
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Cash rose
Bank deposits 171.7k NOK → 233.3k NOK (+35.9% YoY). Calculated
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Payroll decreased
Salary cost 9 632 NOK → 9 NOK (1% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 997.8k NOK to 427.9k NOK (-57.1% YoY). Calculated
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Equity eroded
Book equity 334.0k NOK → 38.9k NOK (equity ratio 37.7% → 4.8%). Calculated
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COGS moved
COGS / varekostnad 236.6k NOK → 398.0k NOK (+68.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation