ADVENT NORWAY AS: årsregnskap 2014 vs 2013
Shrank 36% on revenue
approved 2015-04-15; registry 2015-06-29; journal 2015 533905
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVENT NORWAY AS. Revenue 28.60m NOK → 18.44m NOK (-35.5%). Net result -3.48m NOK → -3.60m NOK. Equity 16.87m NOK → 13.27m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
Revenue
28.60m NOK
18.44m NOK
-35.5%
Operating result
n/m
-2.81m NOK
—
Net result
-3.48m NOK
-3.60m NOK
-3.3%
Equity
16.87m NOK
13.27m NOK
-21.3%
Cash
8.21m NOK
8.87m NOK
+8.1%
Total assets
27.53m NOK
18.17m NOK
-34.0%
What improved
-
↑
Cash rose
Bank deposits 8.21m NOK → 8.87m NOK (+8.1% YoY). Calculated
-
↑
Payroll decreased
Salary cost 20.40m NOK → 12.83m NOK (71% → 70% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 28.60m NOK to 18.44m NOK (-35.5% YoY). Calculated
-
↓
Equity eroded
Book equity 16.87m NOK → 13.27m NOK (equity ratio 61.3% → 73.0%). Calculated