ADORACION AS: årsregnskap 2015 vs 2014
Shrank 25% on revenue, weaker earnings
approved 2016-05-10; registry 2016-06-13; journal 2016 503489
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADORACION AS. Revenue 383.2k NOK → 285.9k NOK (-25.4%). Net result -38.6k NOK → -49.7k NOK. Equity 362.4k NOK → 312.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 143.9k NOK → 4 143 NOK (38% → 1% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 383.2k NOK to 285.9k NOK (-25.4% YoY). Calculated
-
↓
Operating result weakened
Operating result -38.4k NOK → -46.4k NOK (op. margin -10.0% → -16.2%). Calculated
-
↓
Net result weakened
Net result -38.6k NOK → -49.7k NOK (net margin -10.1% → -17.4%). Calculated
-
↓
Equity eroded
Book equity 362.4k NOK → 312.7k NOK (equity ratio 77.4% → 95.7%). Calculated
-
↓
Cash fell
Bank deposits 159.5k NOK → 81.9k NOK (-48.7% YoY). Calculated