ADKEM NORDIC AS: årsregnskap 2015 vs 2014
Shrank 99% on revenue, weaker earnings, fresh owner capital
approved 2016-10-24; registry 2016-11-03; journal 2016 967032
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADKEM NORDIC AS. Revenue 145.7k NOK → 1 623 NOK (-98.9%). Net result -355.4k NOK → -579.3k NOK. Equity -350.7k NOK → -418.0k NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADKEM NORDIC AS.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 50.3k NOK → 562.3k NOK (+512.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 145.7k NOK to 1 623 NOK (-98.9% YoY). Calculated
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↓
Operating result weakened
Operating result -324.2k NOK → -520.0k NOK (op. margin -222.6% → -32041.0%). Calculated
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↓
Net result weakened
Net result -355.4k NOK → -579.3k NOK (net margin -244.0% → -35695.7%). Calculated
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↓
Equity eroded
Book equity -350.7k NOK → -418.0k NOK (equity ratio -199.8% → -280.9%). Calculated
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↓
Payroll up without matching revenue
Salary cost 6 830 NOK → 3.14m NOK (5% → 193702% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -280.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 149.2k NOK → 8 209 NOK (-94.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 95.6k NOK → 66.4k NOK. Reported fact