ADDSECURE AS: årsregnskap 2014 vs 2013
Shrank 100% on revenue, cash halved-plus
approved 2015-04-29; registry 2015-10-20; journal 2015 944054
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADDSECURE AS. Revenue 89.75m NOK → 95.4k NOK (-99.9%). Equity 84.41m NOK → 92.92m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADDSECURE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 84.41m NOK → 92.92m NOK (equity ratio 70544.6% → 64.1%). Calculated
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↑
Payroll decreased
Salary cost 27.25m NOK → 36.7k NOK (30% → 38% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 89.75m NOK to 95.4k NOK (-99.9% YoY). Calculated
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↓
Cash fell
Bank deposits 10.52m NOK → 10.0k NOK (-99.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (10.52m NOK → 10.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 24.87m NOK → 31.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 26.05m NOK → 27.9k NOK (-99.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 34.01m NOK → 44.3k NOK. Reported fact