Org.nr 911 374 285 2013 → 2014 Year-over-year analysis

ABB HOLDING AS: årsregnskap 2014 vs 2013

Stronger earnings, cash halved-plus

approved 2015-03-09; registry 2015-04-23; journal 2015 368947

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ABB HOLDING AS. Net result +658.2k NOK → +595.93m NOK. Equity 470.08m NOK → 406.01m NOK.

On the constructive side: net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABB HOLDING AS.

At a glance

Revenue

n/m 11.22bn NOK

—

Operating result

n/m -42.37m NOK

—

Net result

+658.2k NOK +595.93m NOK

+90435.2%

Equity

470.08m NOK 406.01m NOK

-13.6%

Cash

153.96m NOK 66.70m NOK

-56.7%

Total assets

4.66bn NOK 4.87bn NOK

+4.6%

↓
Equity eroded

Book equity 470.08m NOK → 406.01m NOK (equity ratio 10.1% → 8.3%). Calculated
↓
Cash fell

Bank deposits 153.96m NOK → 66.70m NOK (-56.7% YoY). Calculated

·
Thin equity buffer

Equity ratio is 8.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Book investments changed

Investment / intangible book value 409.0k NOK → 8 NOK. Reported fact