ADDEND AS: årsregnskap 2014 vs 2013
Weaker earnings, cash halved-plus
approved 2015-05-26; registry 2015-06-16; journal 2015 464558
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADDEND AS. Revenue 349.1k NOK → 352.5k NOK (+1.0%). Net result +436.6k NOK → +297.5k NOK. Equity 2.12m NOK → 2.42m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADDEND AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 349.1k NOK to 352.5k NOK (+1.0% YoY). Calculated
-
↑
Operating result improved
Operating result +32.7k NOK → +34.3k NOK (op. margin 9.4% → 9.7%). Calculated
-
↑
Equity strengthened
Book equity 2.12m NOK → 2.42m NOK (equity ratio 71.3% → 72.8%). Calculated
What deteriorated
-
↓
Net result weakened
Net result +436.6k NOK → +297.5k NOK (net margin 125.1% → 84.4%). Calculated
-
↓
Cash fell
Bank deposits 606.4k NOK → 154.3k NOK (-74.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 9.91× → 0.77× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 598.4k NOK → 397.8k NOK. Reported fact