FirmaIQ
Org.nr 997 489 101 2013 → 2014 Year-over-year analysis

ADORACION AS: årsregnskap 2014 vs 2013

Shrank 38% on revenue, slipped into loss

approved 2015-06-10; registry 2015-07-20; journal 2015 609287

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ADORACION AS. Revenue 619.5k NOK → 383.2k NOK (-38.1%). Net result +223.4k NOK → -38.6k NOK. Equity 401.0k NOK → 362.4k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADORACION AS.

At a glance

Scorecard

Revenue
619.5k NOK 383.2k NOK
-38.1%
Operating result
+311.3k NOK -38.4k NOK
-112.3%
Net result
+223.4k NOK -38.6k NOK
-117.3%
Equity
401.0k NOK 362.4k NOK
-9.6%
Cash
116.1k NOK 159.5k NOK
+37.4%
Total assets
557.9k NOK 468.1k NOK
-16.1%

What improved

  • ↑

    Cash rose

    Bank deposits 116.1k NOK → 159.5k NOK (+37.4% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 619.5k NOK to 383.2k NOK (-38.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +311.3k NOK → -38.4k NOK (op. margin 50.2% → -10.0%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 223.4k NOK profit to a loss of 38.6k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 401.0k NOK → 362.4k NOK (equity ratio 71.9% → 77.4%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2 NOK → 143.9k NOK (0% → 38% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 709.6k NOK → 178.6k NOK (-74.8% YoY). Calculated