Org.nr 992 664 568 2014 → 2015 Year-over-year analysis

ADRESSEAVISEN AS: årsregnskap 2015 vs 2014

Cash halved-plus

approved 2016-06-24; registry 2016-08-29; journal 2016 874297

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ADRESSEAVISEN AS. Revenue 624.02m NOK → 607.47m NOK (-2.7%). Equity 169.91m NOK → 206.7k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADRESSEAVISEN AS.

At a glance

Revenue

624.02m NOK 607.47m NOK

-2.7%

Operating result

+52.70m NOK +23.87m NOK

-54.7%

Net result

n/m +74.45m NOK

—

Equity

169.91m NOK 206.7k NOK

-99.9%

Cash

14.8k NOK 7 000 NOK

-52.7%

Total assets

414.32m NOK 450.7k NOK

-99.9%

↑
Payroll decreased

Salary cost 166.88m NOK → 9.22m NOK (27% → 2% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 624.02m NOK to 607.47m NOK (-2.7% YoY). Calculated
↓
Operating result weakened

Operating result +52.70m NOK → +23.87m NOK (op. margin 8.4% → 3.9%). Calculated
↓
Equity eroded

Book equity 169.91m NOK → 206.7k NOK (equity ratio 41.0% → 45.9%). Calculated
↓
Cash fell

Bank deposits 14.8k NOK → 7 000 NOK (-52.7% YoY). Calculated

·
COGS fell

COGS / varekostnad 15.12bn NOK → 96.52m NOK (-99.4% YoY). Calculated
·
Book investments changed

Investment / intangible book value 2.49m NOK → 55.97m NOK. Reported fact