ADEA HJEMMEHJELP AS: årsregnskap 2015 vs 2014
Weaker earnings
approved 2016-05-20; registry 2016-06-08; journal 2016 478670
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADEA HJEMMEHJELP AS. Revenue 3.28m NOK → 3.41m NOK (+4.1%). Net result +364.4k NOK → +228.1k NOK. Equity 47.1k NOK → 42.6k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADEA HJEMMEHJELP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.28m NOK to 3.41m NOK (+4.1% YoY). Calculated
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↑
Cash rose
Bank deposits 313.9k NOK → 402.0k NOK (+28.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +506.8k NOK → +319.0k NOK (op. margin 15.5% → 9.4%). Calculated
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↓
Net result weakened
Net result +364.4k NOK → +228.1k NOK (net margin 11.1% → 6.7%). Calculated
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↓
Equity eroded
Book equity 47.1k NOK → 42.6k NOK (equity ratio 6.8% → 5.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 46.8k NOK → 42.6k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 2.59m NOK → 2.90m NOK (79% → 85% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 106.7k NOK → 127.2k NOK. Reported fact