FirmaIQ
Org.nr 987 794 666 2014 → 2015 Year-over-year analysis

ADECCO GROUP NORWAY AS: årsregnskap 2015 vs 2014

Cash halved-plus

approved 2016-05-30; registry 2016-08-03; journal 2016 796155

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ADECCO GROUP NORWAY AS. Revenue 371.81m NOK → 364.07m NOK (-2.1%). Net result +10.29m NOK → +10.52m NOK. Equity 44.40m NOK → 43.97m NOK.

On the constructive side: current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADECCO GROUP NORWAY AS.

At a glance

Scorecard

Revenue
371.81m NOK 364.07m NOK
-2.1%
Net result
+10.29m NOK +10.52m NOK
+2.3%
Equity
44.40m NOK 43.97m NOK
-1.0%
Cash
50.02m NOK 3.66m NOK
-92.7%
Total assets
118.24m NOK 110.66m NOK
-6.4%

What improved

  • ↑

    Current ratio back above 1×

    Current ratio 0.00× → 1.62×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 371.81m NOK to 364.07m NOK (-2.1% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 44.40m NOK → 43.97m NOK (equity ratio 37.6% → 39.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 50.02m NOK → 3.66m NOK (-92.7% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 7.32m NOK → 311.82m NOK (2% → 86% of revenue). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (50.02m NOK → 3.66m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 1.31m NOK → 1.22m NOK. Reported fact