ADAPTA AVIATION AS: årsregnskap 2014 vs 2013
Grew 88% on revenue
approved 2015-06-30; registry 2015-07-25; journal 2015 643741
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADAPTA AVIATION AS. Revenue 340.5k NOK → 639.3k NOK (+87.8%). Net result -336.2k NOK → -346.1k NOK. Equity -263.4k NOK → -609.5k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADAPTA AVIATION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 340.5k NOK to 639.3k NOK (+87.8% YoY). Calculated
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↑
Cash rose
Bank deposits 1 382 NOK → 3 949 NOK (+185.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 11.8k NOK → 4 539 NOK (3% → 1% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +6 438 NOK → -141.4k NOK (op. margin 1.9% → -22.1%). Calculated
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↓
Equity eroded
Book equity -263.4k NOK → -609.5k NOK (equity ratio -3.6% → -8.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -8.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 322.2k NOK → 776.2k NOK (+140.9% YoY). Calculated