ADWANS AS: årsregnskap 2015 vs 2014
Mixed movements in the accounts
approved 2016-06-15; registry 2016-07-05; journal 2016 628591
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADWANS AS. Revenue 314.3k NOK → 313.4k NOK (-0.3%). Equity -559.4k NOK → -650.2k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADWANS AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 269.3k NOK → 235.5k NOK (86% → 75% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 314.3k NOK to 313.4k NOK (-0.3% YoY). Calculated
-
↓
Equity eroded
Book equity -559.4k NOK → -650.2k NOK (equity ratio -363.5% → -500.4%). Calculated
-
↓
Cash fell
Bank deposits 92.7k NOK → 83.0k NOK (-10.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -500.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation