ADEK AS: årsregnskap 2015 vs 2014
Grew 7% on revenue, cash halved-plus
approved 2016-06-22; registry 2016-07-25; journal 2016 730600
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADEK AS. Revenue 3.25m NOK → 3.48m NOK (+7.1%). Equity -329.6k NOK → -180.3k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADEK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.25m NOK to 3.48m NOK (+7.1% YoY). Calculated
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↑
Equity strengthened
Book equity -329.6k NOK → -180.3k NOK (equity ratio -40.0% → -316.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 250.5k NOK → 75.9k NOK (-69.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -316.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.29m NOK → 1.31m NOK (40% → 38% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 20.0k NOK → 991.2k NOK (+4845.3% YoY). Calculated