ADKEM NORDIC AS: årsregnskap 2014 vs 2013
Grew 1082% on revenue, weaker earnings
approved 2015-06-26; registry 2015-08-11; journal 2015 698946
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADKEM NORDIC AS. Revenue 12.3k NOK → 145.7k NOK (+1081.9%). Net result -45.6k NOK → -355.4k NOK. Equity 4 730 NOK → -350.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADKEM NORDIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 12.3k NOK to 145.7k NOK (+1081.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -33.6k NOK → -324.2k NOK (op. margin -272.8% → -222.6%). Calculated
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↓
Net result weakened
Net result -45.6k NOK → -355.4k NOK (net margin -370.0% → -244.0%). Calculated
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↓
Equity eroded
Book equity 4 730 NOK → -350.7k NOK (equity ratio 23.2% → -199.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.30× → 0.15× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -199.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 3 NOK → 6 830 NOK (0% → 5% of revenue). Calculated