ADM AS: årsregnskap 2014 vs 2013
Mixed movements in the accounts
approved 2015-06-23; registry 2015-09-21; journal 2015 859308
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADM AS. Revenue 4.54m NOK → 4.70m NOK (+3.4%). Equity 456.7k NOK → 146.1k NOK.
On the constructive side: revenue rose; current ratio back above 1×; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.54m NOK to 4.70m NOK (+3.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.59× → 1.54×. Calculated
-
↑
Payroll decreased
Salary cost 2.78m NOK → 2.64m NOK (61% → 56% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 456.7k NOK → 146.1k NOK (equity ratio 31.9% → 8.8%). Calculated
-
↓
Cash fell
Bank deposits 575.6k NOK → 333.9k NOK (-42.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 287.6k NOK → 298.0k NOK (+3.6% YoY). Calculated