ADFUNC AS: årsregnskap 2014 vs 2013
Grew 388% on revenue, stronger earnings
approved 2015-06-30; registry 2015-12-05; journal 2015 956811
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADFUNC AS. Revenue 130.5k NOK → 636.4k NOK (+387.6%). Net result +158.9k NOK → +626.9k NOK. Equity 398.4k NOK → 318.9k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADFUNC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 130.5k NOK to 636.4k NOK (+387.6% YoY). Calculated
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↑
Net result improved
Net result +158.9k NOK → +626.9k NOK (net margin 121.7% → 98.5%). Calculated
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↑
Cash rose
Bank deposits 263.5k NOK → 819.6k NOK (+211.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 398.4k NOK → 318.9k NOK (equity ratio 53.5% → 34.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 389 NOK → 2.34m NOK (1% → 368% of revenue). Calculated
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COGS fell
COGS / varekostnad 778.2k NOK → 74.9k NOK (-90.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 257.8k NOK → 499.2k NOK. Reported fact