ADAPTIVE MEDIA AS: årsregnskap 2015 vs 2014
Grew 37% on revenue, cash halved-plus
approved 2016-06-18; registry 2016-09-08; journal 2016 923436
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADAPTIVE MEDIA AS. Revenue 1.64m NOK → 2.26m NOK (+37.4%). Equity 42.3k NOK → -79.2k NOK.
On the constructive side: revenue rose; current ratio back above 1×; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADAPTIVE MEDIA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.64m NOK to 2.26m NOK (+37.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 755.59×. Calculated
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↑
Payroll decreased
Salary cost 783.6k NOK → 73.3k NOK (48% → 3% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 42.3k NOK → -79.2k NOK (equity ratio 8.6% → -34.6%). Calculated
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↓
Cash fell
Bank deposits 105.2k NOK → 19.5k NOK (-81.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -34.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 232 NOK → 453.8k NOK (+195499.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 75.0k NOK → 12.0k NOK. Reported fact