ADAN MACHINERY AS: årsregnskap 2014 vs 2013
Grew 531% on revenue
approved 2015-10-10; registry 2015-10-19; journal 2015 943280
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADAN MACHINERY AS. Revenue 80.0k NOK → 504.8k NOK (+531.0%). Net result -103.2k NOK → -95.6k NOK. Equity -73.2k NOK → -168.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADAN MACHINERY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 80.0k NOK to 504.8k NOK (+531.0% YoY). Calculated
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↑
Operating result improved
Operating result -103.2k NOK → -94.3k NOK (op. margin -129.0% → -18.7%). Calculated
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↑
Net result improved
Net result -103.2k NOK → -95.6k NOK (net margin -129.0% → -18.9%). Calculated
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↑
Cash rose
Bank deposits 104 NOK → 21.4k NOK (+20491.3% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -73.2k NOK → -168.7k NOK (equity ratio -54.2% → -787.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -787.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 177.7k NOK → 304.5k NOK (+71.4% YoY). Calculated