FirmaIQ
Org.nr 979 515 715 2014 → 2015 Year-over-year analysis

ADVENT NORWAY AS: årsregnskap 2015 vs 2014

Grew 18% on revenue, returned to profit, cash halved-plus

approved 2016-09-05; registry 2016-09-22; journal 2016 952611

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ADVENT NORWAY AS. Revenue 18.44m NOK → 21.67m NOK (+17.5%). Net result -3.60m NOK → +2.68m NOK. Equity 13.27m NOK → 15.95m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.

Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ADVENT NORWAY AS.

At a glance

Scorecard

Revenue
18.44m NOK 21.67m NOK
+17.5%
Operating result
-2.81m NOK +668.3k NOK
+123.8%
Net result
-3.60m NOK +2.68m NOK
+174.7%
Equity
13.27m NOK 15.95m NOK
+20.2%
Cash
8.87m NOK 1.87m NOK
-78.9%
Total assets
18.17m NOK 19.25m NOK
+5.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 18.44m NOK to 21.67m NOK (+17.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -2.81m NOK → +668.3k NOK (op. margin -15.2% → 3.1%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 3.60m NOK to a profit of 2.68m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 13.27m NOK → 15.95m NOK (equity ratio 73.0% → 82.9%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 8.87m NOK → 1.87m NOK (-78.9% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (8.87m NOK → 1.87m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Payroll increased

    Salary cost 12.83m NOK → 17.51m NOK (70% → 81% of revenue). Calculated