ADEE AS: årsregnskap 2015 vs 2014
Shrank 20% on revenue, cash halved-plus
approved 2016-04-29; registry 2016-05-10; journal 2016 411499
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADEE AS. Revenue 3.05m NOK → 2.43m NOK (-20.4%). Equity 233.4k NOK → 11 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADEE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.97m NOK → 1 NOK (97% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.05m NOK to 2.43m NOK (-20.4% YoY). Calculated
-
↓
Equity eroded
Book equity 233.4k NOK → 11 NOK (equity ratio 113.7% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 341.0k NOK → 35.3k NOK (-89.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 30.0k NOK → 3 646 NOK (-87.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 13.9k NOK → 25.0k NOK. Reported fact