ADRIAN MEDICAL AS: årsregnskap 2015 vs 2014
Shrank 19% on revenue, stronger earnings
approved 2016-05-25; registry 2016-06-11; journal 2016 495552
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADRIAN MEDICAL AS. Revenue 319.0k NOK → 257.4k NOK (-19.3%). Net result +225.6k NOK → +341.4k NOK. Equity 709.2k NOK → 50.7k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADRIAN MEDICAL AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +308.9k NOK → +467.7k NOK (op. margin 96.9% → 181.7%). Calculated
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Net result improved
Net result +225.6k NOK → +341.4k NOK (net margin 70.7% → 132.7%). Calculated
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Cash rose
Bank deposits 460.1k NOK → 877.4k NOK (+90.7% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.01× → 6964.87×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 319.0k NOK to 257.4k NOK (-19.3% YoY). Calculated
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↓
Equity eroded
Book equity 709.2k NOK → 50.7k NOK (equity ratio 76263.2% → 0.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation