ADDOVATION AS: årsregnskap 2014 vs 2013
Grew 74% on revenue
approved 2015-06-11; registry 2015-06-30; journal 2015 540610
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADDOVATION AS. Revenue 12.29m NOK → 21.35m NOK (+73.7%). Net result +912.9k NOK → +826.6k NOK. Equity 3.10m NOK → 3.48m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: paid-in equity reduced; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADDOVATION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 12.29m NOK to 21.35m NOK (+73.7% YoY). Calculated
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↑
Operating result improved
Operating result +1.18m NOK → +2.43m NOK (op. margin 9.6% → 11.4%). Calculated
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↑
Equity strengthened
Book equity 3.10m NOK → 3.48m NOK (equity ratio 47.1% → 30.2%). Calculated
What deteriorated
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↓
Net result weakened
Net result +912.9k NOK → +826.6k NOK (net margin 7.4% → 3.9%). Calculated
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↓
Cash fell
Bank deposits 4.24m NOK → 3.95m NOK (-6.9% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 352.0k NOK → 376 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 7.82m NOK → 10.23m NOK (64% → 48% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 246.8k NOK → 142.0k NOK (-42.5% YoY). Calculated