ABG SUNDAL COLLIER HOLDING ASA: årsregnskap 2014 vs 2013
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2015-03-26; registry 2015-06-20; journal 2015 491612
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ABG SUNDAL COLLIER HOLDING ASA. Revenue 918.90m NOK → 1.15m NOK (-99.9%). Net result +138.07m NOK → +217.3k NOK. Equity 471.09m NOK → 410.12m NOK.
On the constructive side: operating result improved; owners injected capital; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: book investments changed. 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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Operating result improved
Operating result +175.1k NOK → +272.8k NOK (op. margin 0.0% → 23.7%). Calculated
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Owners injected capital
Paid-in equity rose 206.2k NOK → 268.6k NOK (+62.4k NOK). Reported fact
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Payroll decreased
Salary cost 1.27m NOK → 1.24m NOK (0% → 108% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 918.90m NOK to 1.15m NOK (-99.9% YoY). Calculated
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Net result weakened
Net result +138.07m NOK → +217.3k NOK (net margin 15.0% → 18.9%). Calculated
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Equity eroded
Book equity 471.09m NOK → 410.12m NOK (equity ratio 58.3% → 42107.2%). Calculated
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Cash fell
Bank deposits 29.09m NOK → 12.65m NOK (-56.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 487.49× → 0.59× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 644.09m NOK → 642.11m NOK. Reported fact