ADAN MACHINERY AS: årsregnskap 2015 vs 2014
Grew 98% on revenue, returned to profit, cash halved-plus
approved 2016-10-31; registry 2016-11-02; journal 2016 966811
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADAN MACHINERY AS. Revenue 504.8k NOK → 999.3k NOK (+98.0%). Net result -95.6k NOK → +319.4k NOK. Equity -168.7k NOK → 150.6k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell.
Also worth watching: operating result unchanged; 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 504.8k NOK to 999.3k NOK (+98.0% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 95.6k NOK to a profit of 319.4k NOK. Calculated
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↑
Equity strengthened
Book equity -168.7k NOK → 150.6k NOK (equity ratio -787.9% → 45.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.11× → 1.64×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 21.4k NOK → 3 124 NOK (-85.4% YoY). Calculated
Things to notice
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·
Operating result unchanged
Operating result -94.3k NOK → -94.3k NOK (op. margin -18.7% → -9.4%). Calculated
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·
COGS moved
COGS / varekostnad 304.5k NOK → 600.8k NOK (+97.3% YoY). Calculated