ADCARE AS: årsregnskap 2014 vs 2013
Grew 17% on revenue, weaker earnings
approved 2015-09-25; registry 2015-10-13; journal 2015 935267
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADCARE AS. Revenue 22.15m NOK → 25.94m NOK (+17.1%). Net result +934.4k NOK → +293.1k NOK. Equity 2.22m NOK → 1.88m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADCARE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 22.15m NOK to 25.94m NOK (+17.1% YoY). Calculated
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↑
Cash rose
Bank deposits 0 NOK → 402.3k NOK (None YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +934.4k NOK → +293.1k NOK (net margin 4.2% → 1.1%). Calculated
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↓
Equity eroded
Book equity 2.22m NOK → 1.88m NOK (equity ratio 23.7% → 15.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 012 NOK → 5.85m NOK (0% → 23% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 11.34m NOK → 14.62m NOK (+28.9% YoY). Calculated