Org.nr 983 847 412 2014 → 2015 Year-over-year analysis

ADCARE AS: årsregnskap 2015 vs 2014

Mixed movements in the accounts

approved 2016-06-30; registry 2016-07-26; journal 2016 740560

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ADCARE AS. Revenue 25.94m NOK → 25.33m NOK (-2.4%). Equity 1.88m NOK → 2.91m NOK.

On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADCARE AS.

At a glance

Revenue

25.94m NOK 25.33m NOK

-2.4%

Net result

+293.1k NOK n/m

—

Equity

1.88m NOK 2.91m NOK

+54.9%

Cash

402.3k NOK 642.2k NOK

+59.7%

Total assets

11.98m NOK 9.68m NOK

-19.2%

↑
Equity strengthened

Book equity 1.88m NOK → 2.91m NOK (equity ratio 15.7% → 30.1%). Calculated
↑
Cash rose

Bank deposits 402.3k NOK → 642.2k NOK (+59.7% YoY). Calculated
↑
Payroll decreased

Salary cost 5.85m NOK → 2 014 NOK (23% → 0% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 25.94m NOK to 25.33m NOK (-2.4% YoY). Calculated

·
COGS fell

COGS / varekostnad 14.62m NOK → 12.74m NOK (-12.9% YoY). Calculated