ADEK AS: årsregnskap 2014 vs 2013
Shrank 6% on revenue
approved 2015-06-02; registry 2015-10-06; journal 2015 913940
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADEK AS. Revenue 3.48m NOK → 3.25m NOK (-6.5%). Equity -215.6k NOK → -329.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADEK AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.54m NOK → 1.29m NOK (44% → 40% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.48m NOK to 3.25m NOK (-6.5% YoY). Calculated
-
↓
Equity eroded
Book equity -215.6k NOK → -329.6k NOK (equity ratio -23.2% → -40.0%). Calculated
-
↓
Cash fell
Bank deposits 428.2k NOK → 250.5k NOK (-41.5% YoY). Calculated
-
↓
COGS moved
COGS / varekostnad 1 108 NOK → 20.0k NOK (+1708.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -40.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation