ADP AS: årsregnskap 2014 vs 2013
Shrank 6% on revenue, weaker earnings
approved 2015-02-24; registry 2015-07-28; journal 2015 655451
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADP AS. Revenue 16.75m NOK → 15.75m NOK (-6.0%). Net result +1.90m NOK → +1.43m NOK. Equity 508.6k NOK → 508.6k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADP AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 500.0k NOK → 2.56m NOK (+412.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 16.75m NOK to 15.75m NOK (-6.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +2.69m NOK → +2.03m NOK (op. margin 16.0% → 12.9%). Calculated
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↓
Net result weakened
Net result +1.90m NOK → +1.43m NOK (net margin 11.4% → 9.1%). Calculated
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↓
Payroll up without matching revenue
Salary cost 3.98m NOK → 4.27m NOK (24% → 27% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 9 088 NOK → 7.75m NOK (+85133.6% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 40.4k NOK → 384.9k NOK. Reported fact