ADEKVAT REGNSKAP & RÅDGIVNING AS: årsregnskap 2015 vs 2014
Grew 70% on revenue, weaker earnings
approved 2016-06-18; registry 2016-06-30; journal 2016 602169
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADEKVAT REGNSKAP & RÅDGIVNING AS. Revenue 1.40m NOK → 2.38m NOK (+69.8%). Net result +300.4k NOK → +102.7k NOK. Equity 2.49m NOK → 239.7k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADEKVAT REGNSKAP & RÅDGIVNING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.40m NOK to 2.38m NOK (+69.8% YoY). Calculated
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↑
Operating result improved
Operating result +360.4k NOK → +443.1k NOK (op. margin 25.7% → 18.6%). Calculated
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Cash rose
Bank deposits 2.46m NOK → 3.40m NOK (+38.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 740.2k NOK → 660.2k NOK (53% → 28% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +300.4k NOK → +102.7k NOK (net margin 21.4% → 4.3%). Calculated
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↓
Equity eroded
Book equity 2.49m NOK → 239.7k NOK (equity ratio 88.5% → 6.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 550.0k NOK → 4.42m NOK. Reported fact