FirmaIQ
Org.nr 992 564 113 2014 → 2015 Year-over-year analysis

ADDOVATION AS: årsregnskap 2015 vs 2014

Grew 53% on revenue, stronger earnings, fresh owner capital

approved 2016-05-23; registry 2016-06-07; journal 2016 471446

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ADDOVATION AS. Revenue 21.35m NOK → 32.57m NOK (+52.6%). Net result +826.6k NOK → +2.13m NOK. Equity 3.48m NOK → 4.36m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADDOVATION AS.

At a glance

Scorecard

Revenue
21.35m NOK 32.57m NOK
+52.6%
Operating result
+2.43m NOK +2.88m NOK
+18.6%
Net result
+826.6k NOK +2.13m NOK
+158.1%
Equity
3.48m NOK 4.36m NOK
+25.3%
Cash
3.95m NOK 4.30m NOK
+8.8%
Total assets
11.50m NOK 11.51m NOK
+0.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 21.35m NOK to 32.57m NOK (+52.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +2.43m NOK → +2.88m NOK (op. margin 11.4% → 8.8%). Calculated

  • ↑

    Net result improved

    Net result +826.6k NOK → +2.13m NOK (net margin 3.9% → 6.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 3.48m NOK → 4.36m NOK (equity ratio 30.2% → 37.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.95m NOK → 4.30m NOK (+8.8% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 10.23m NOK → 12.97m NOK (48% → 40% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 142.0k NOK → 9.44m NOK (+6548.5% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 190.0k NOK → 8 100 NOK. Reported fact