ADJ EIENDOM AS: årsregnskap 2014 vs 2013
Grew 8% on revenue, cash halved-plus
approved 2015-04-21; registry 2015-07-20; journal 2015 613697
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADJ EIENDOM AS. Revenue 1.69m NOK → 1.82m NOK (+7.9%). Equity 8.10m NOK → 8.39m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADJ EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.69m NOK to 1.82m NOK (+7.9% YoY). Calculated
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↑
Operating result improved
Operating result +1.21m NOK → +1.25m NOK (op. margin 71.4% → 68.3%). Calculated
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↑
Equity strengthened
Book equity 8.10m NOK → 8.39m NOK (equity ratio 73.4% → 59.3%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 1.86m NOK → 202.5k NOK (-89.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.45× → 0.09× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.86m NOK → 202.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 1.49m NOK → 1.56m NOK. Reported fact