ADORA AS: årsregnskap 2015 vs 2014
Grew 101% on revenue, slipped into loss, cash halved-plus
approved 2016-06-30; registry 2016-09-05; journal 2016 905397
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADORA AS. Revenue 137.4k NOK → 275.9k NOK (+100.8%). Net result +8 763 NOK → -4 197 NOK. Equity 38.8k NOK → 34.6k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADORA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 137.4k NOK to 275.9k NOK (+100.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +12.0k NOK → -5 593 NOK (op. margin 8.7% → -2.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 8 763 NOK profit to a loss of 4 197 NOK. Calculated
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↓
Equity eroded
Book equity 38.8k NOK → 34.6k NOK (equity ratio 9.3% → 9.2%). Calculated
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↓
Cash fell
Bank deposits 95.1k NOK → 25.7k NOK (-72.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 77.1k NOK → 1.18m NOK (56% → 427% of revenue). Calculated