ADLER CAPITAL AS: årsregnskap 2015 vs 2014
Shrank 76% on revenue, cash halved-plus
approved 2016-06-16; registry 2016-07-07; journal 2016 640966
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADLER CAPITAL AS. Revenue 845.0k NOK → 200.0k NOK (-76.3%). Equity 632.0k NOK → 647.2k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADLER CAPITAL AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 632.0k NOK → 647.2k NOK (equity ratio 23.0% → 69.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.09× → 1.69×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 845.0k NOK to 200.0k NOK (-76.3% YoY). Calculated
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↓
Operating result weakened
Operating result +748.3k NOK → +114.2k NOK (op. margin 88.6% → 57.1%). Calculated
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↓
Cash fell
Bank deposits 2.26m NOK → 5 520 NOK (-99.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.26m NOK → 5 520 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation