ACCENTURE AS: årsregnskap 2014 vs 2013
Grew 20% on revenue, stronger earnings, cash halved-plus
approved 2015-01-16; registry 2015-01-19; journal 2015 301214
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ACCENTURE AS. Revenue 1.61bn NOK → 1.94bn NOK (+20.1%). Net result +13.01m NOK → +40.61m NOK. Equity 375.16m NOK → 415.77m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ACCENTURE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.61bn NOK to 1.94bn NOK (+20.1% YoY). Calculated
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↑
Operating result improved
Operating result +25.08m NOK → +52.88m NOK (op. margin 1.6% → 2.7%). Calculated
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↑
Net result improved
Net result +13.01m NOK → +40.61m NOK (net margin 0.8% → 2.1%). Calculated
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↑
Equity strengthened
Book equity 375.16m NOK → 415.77m NOK (equity ratio 38.3% → 35.4%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 7.22bn NOK → 625.51m NOK (-91.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (7.22bn NOK → 625.51m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation