FirmaIQ
Org.nr 954 690 873 2013 → 2014 Year-over-year analysis

ADIDAS NORGE AS: årsregnskap 2014 vs 2013

Shrank 15% on revenue, weaker earnings, cash halved-plus

approved 2015-06-17; registry 2015-11-12; journal 2015 952865

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ADIDAS NORGE AS. Revenue 436.04m NOK → 372.04m NOK (-14.7%). Net result +790.00m NOK → +496.00m NOK. Equity 18.42m NOK → 18.32m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADIDAS NORGE AS.

At a glance

Scorecard

Revenue
436.04m NOK 372.04m NOK
-14.7%
Operating result
+10.37m NOK n/m
—
Net result
+790.00m NOK +496.00m NOK
-37.2%
Equity
18.42m NOK 18.32m NOK
-0.5%
Cash
4.26m NOK 195.8k NOK
-95.4%
Total assets
65.50m NOK 71.40m NOK
+9.0%

What improved

  • ↑

    Payroll decreased

    Salary cost 28.78m NOK → 22.29m NOK (7% → 6% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 436.04m NOK to 372.04m NOK (-14.7% YoY). Calculated

  • ↓

    Net result weakened

    Net result +790.00m NOK → +496.00m NOK (net margin 181.2% → 133.3%). Calculated

  • ↓

    Equity eroded

    Book equity 18.42m NOK → 18.32m NOK (equity ratio 28.1% → 25.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 4.26m NOK → 195.8k NOK (-95.4% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (4.26m NOK → 195.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 300.96m NOK → 267.25m NOK (-11.2% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.46m NOK → 22.4k NOK. Reported fact