ADAPA AS: årsregnskap 2014 vs 2013
Grew 11% on revenue, weaker earnings, cash halved-plus
approved 2015-06-30; registry 2015-10-03; journal 2015 903291
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADAPA AS. Revenue 1.63m NOK → 1.81m NOK (+11.0%). Net result +606.8k NOK → +433.8k NOK. Equity 12.20m NOK → 11.63m NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADAPA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.63m NOK to 1.81m NOK (+11.0% YoY). Calculated
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↑
Operating result improved
Operating result +649.0k NOK → +732.8k NOK (op. margin 39.9% → 40.6%). Calculated
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↑
Payroll decreased
Salary cost 766.8k NOK → 670.9k NOK (47% → 37% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +606.8k NOK → +433.8k NOK (net margin 37.3% → 24.0%). Calculated
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↓
Equity eroded
Book equity 12.20m NOK → 11.63m NOK (equity ratio 72.1% → 71.3%). Calculated
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↓
Cash fell
Bank deposits 405.0k NOK → 14.9k NOK (-96.3% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 647.7k NOK → 659.5k NOK. Reported fact