ADRIATIC + AS: årsregnskap 2015 vs 2014
Grew 46% on revenue, cash halved-plus
approved 2016-03-05; registry 2016-04-21; journal 2016 382072
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADRIATIC + AS. Revenue 2.00m NOK → 2.91m NOK (+45.8%). Equity -358.7k NOK → -1.06m NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADRIATIC + AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.00m NOK to 2.91m NOK (+45.8% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -358.7k NOK → -1.06m NOK (equity ratio -61.4% → -241.2%). Calculated
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↓
Cash fell
Bank deposits 47.8k NOK → 17.8k NOK (-62.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -241.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 7 743 NOK → 1.51m NOK (0% → 52% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 776.7k NOK → 76.1k NOK (-90.2% YoY). Calculated