ADIMA ENGINEERING AS: årsregnskap 2014 vs 2013
Grew 438% on revenue, weaker earnings
approved 2015-05-06; registry 2015-08-20; journal 2015 728276
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADIMA ENGINEERING AS. Revenue 538.4k NOK → 2.90m NOK (+438.4%). Net result +412.8k NOK → +89.5k NOK. Equity 1.40m NOK → 889.6k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADIMA ENGINEERING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 538.4k NOK to 2.90m NOK (+438.4% YoY). Calculated
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Operating result improved
Operating result +91.4k NOK → +99.5k NOK (op. margin 17.0% → 3.4%). Calculated
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Cash rose
Bank deposits 156.1k NOK → 651.9k NOK (+317.6% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.39× → 24.76×. Calculated
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Payroll decreased
Salary cost 3.22m NOK → 2.66m NOK (599% → 92% of revenue). Calculated
What deteriorated
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Net result weakened
Net result +412.8k NOK → +89.5k NOK (net margin 76.7% → 3.1%). Calculated
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↓
Equity eroded
Book equity 1.40m NOK → 889.6k NOK (equity ratio 367.5% → 45.2%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 1.40m NOK → 889.6k NOK — check capital reduction, conversion, or reclassification. Interpretation