ADMINCONTROL AS: årsregnskap 2015 vs 2014
Grew 17% on revenue, stronger earnings
approved 2016-03-18; registry 2016-06-22; journal 2016 554092
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADMINCONTROL AS. Revenue 56.63m NOK → 66.11m NOK (+16.7%). Net result +2 014 NOK → +9.76m NOK. Equity 3.94m NOK → 2.33m NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADMINCONTROL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 56.63m NOK to 66.11m NOK (+16.7% YoY). Calculated
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Net result improved
Net result +2 014 NOK → +9.76m NOK (net margin 0.0% → 14.8%). Calculated
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Cash rose
Bank deposits 9.81m NOK → 14.15m NOK (+44.3% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 3.94m NOK → 2.33m NOK (equity ratio 15.5% → 4.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.70× — 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 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 152.7k NOK → 533.0k NOK. Reported fact