FirmaIQ
Org.nr 975 944 484 2014 → 2015 Year-over-year analysis

ADOKS AS: årsregnskap 2015 vs 2014

Weaker earnings, cash halved-plus

approved 2016-04-22; registry 2016-05-30; journal 2016 452497

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ADOKS AS. Net result -1.19m NOK → -3.33m NOK. Equity 1.01m NOK → -2.72m NOK.

Pressures included: net result weakened; equity eroded; cash fell.

Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADOKS AS.

At a glance

Scorecard

Revenue
119.8k NOK n/m
—
Net result
-1.19m NOK -3.33m NOK
-179.1%
Equity
1.01m NOK -2.72m NOK
-369.7%
Cash
5.49m NOK 1.50m NOK
-72.7%
Total assets
10.88m NOK 6.38m NOK
-41.4%

What deteriorated

  • ↓

    Net result weakened

    Net result -1.19m NOK → -3.33m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.01m NOK → -2.72m NOK (equity ratio 9.3% → -42.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 5.49m NOK → 1.50m NOK (-72.7% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -42.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (5.49m NOK → 1.50m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 5.39m NOK → 4.49m NOK. Reported fact