ADRETT AS: årsregnskap 2014 vs 2013
Grew 8% on revenue, weaker earnings
approved 2015-06-09; registry 2015-07-08; journal 2015 573433
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADRETT AS. Revenue 5.88m NOK → 6.34m NOK (+7.9%). Net result +690.4k NOK → +219.0k NOK. Equity 35.7k NOK → 654.7k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADRETT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.88m NOK to 6.34m NOK (+7.9% YoY). Calculated
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↑
Equity strengthened
Book equity 35.7k NOK → 654.7k NOK (equity ratio 5.7% → 27.8%). Calculated
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↑
Cash rose
Bank deposits 368.6k NOK → 1.66m NOK (+349.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +964.7k NOK → +483.5k NOK (op. margin 16.4% → 7.6%). Calculated
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↓
Net result weakened
Net result +690.4k NOK → +219.0k NOK (net margin 11.7% → 3.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.01m NOK → 2.23m NOK (34% → 35% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.02m NOK → 2.31m NOK (+14.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 157.0k NOK → 30.0k NOK. Reported fact