Org.nr 811 673 862 2014 → 2015 Year-over-year analysis

ADELIN AS: årsregnskap 2015 vs 2014

Grew 21% on revenue

approved 2016-05-23; registry 2016-06-07; journal 2016 473734

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ADELIN AS. Revenue 6.73m NOK → 8.13m NOK (+20.7%). Equity 867.5k NOK → 70.7k NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADELIN AS.

At a glance

Revenue

6.73m NOK 8.13m NOK

+20.7%

Operating result

+55.4k NOK +200.7k NOK

+262.4%

Equity

867.5k NOK 70.7k NOK

-91.8%

Cash

90.4k NOK 709.4k NOK

+684.4%

Total assets

2.20m NOK 2.27m NOK

+3.2%

↑
Revenue rose

Operating income / revenue moved from 6.73m NOK to 8.13m NOK (+20.7% YoY). Calculated
↑
Operating result improved

Operating result +55.4k NOK → +200.7k NOK (op. margin 0.8% → 2.5%). Calculated
↑
Cash rose

Bank deposits 90.4k NOK → 709.4k NOK (+684.4% YoY). Calculated

↓
Equity eroded

Book equity 867.5k NOK → 70.7k NOK (equity ratio 39.4% → 3.1%). Calculated

·
Thin equity buffer

Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 2.07m NOK → 2.23m NOK (31% → 27% of revenue). Calculated
·
COGS moved

COGS / varekostnad 3.70m NOK → 4.76m NOK (+28.9% YoY). Calculated