ABG SUNDAL COLLIER HOLDING ASA: årsregnskap 2013 vs 2012
Stronger earnings, cash halved-plus
approved 2014-04-24; registry 2014-05-19; journal 2014 405046
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABG SUNDAL COLLIER HOLDING ASA. Revenue 0 NOK → 918.90m NOK. Net result +163.2k NOK → +138.07m NOK. Equity 512.94m NOK → 471.09m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ABG SUNDAL COLLIER HOLDING ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 0 NOK to 918.90m NOK. Calculated
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↑
Operating result improved
Operating result -3.88m NOK → +175.1k NOK. Calculated
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↑
Net result improved
Net result +163.2k NOK → +138.07m NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 512.94m NOK → 471.09m NOK (equity ratio 61.1% → 58.3%). Calculated
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↓
Cash fell
Bank deposits 107.66m NOK → 29.09m NOK (-73.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (107.66m NOK → 29.09m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 143.35m NOK → 206.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 1 220 NOK → 1.27m NOK. Calculated
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Book investments changed
Investment / intangible book value 659.0k NOK → 644.09m NOK. Reported fact