ADEPTOR AS: årsregnskap 2015 vs 2014
Shrank 26% on revenue, weaker earnings, cash halved-plus
approved 2016-03-03; registry 2016-07-09; journal 2016 653293
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADEPTOR AS. Revenue 41.89m NOK → 31.03m NOK (-25.9%). Net result +3.07m NOK → +84.8k NOK. Equity 5.46m NOK → 5.54m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADEPTOR AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 5.46m NOK → 5.54m NOK (equity ratio 26.3% → 43.9%). Calculated
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↑
Payroll decreased
Salary cost 5.38m NOK → 4.95m NOK (13% → 16% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 41.89m NOK to 31.03m NOK (-25.9% YoY). Calculated
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↓
Net result weakened
Net result +3.07m NOK → +84.8k NOK (net margin 7.3% → 0.3%). Calculated
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↓
Cash fell
Bank deposits 3.54m NOK → 1.06m NOK (-70.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.54m NOK → 1.06m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 28.47m NOK → 21.81m NOK (-23.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 11.1k NOK. Reported fact