FirmaIQ
Org.nr 893 020 462 2013 → 2014 Year-over-year analysis

ADMIRAL OFFSHORE AS: årsregnskap 2014 vs 2013

Shrank 85% on revenue, slipped into loss

approved 2015-06-29; registry 2015-09-01; journal 2015 772290

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ADMIRAL OFFSHORE AS. Revenue 636.9k NOK → 97.0k NOK (-84.8%). Net result +482.1k NOK → -85.2k NOK. Equity 1.89m NOK → 1.81m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADMIRAL OFFSHORE AS.

At a glance

Scorecard

Revenue
636.9k NOK 97.0k NOK
-84.8%
Operating result
+555.1k NOK +263.1k NOK
-52.6%
Net result
+482.1k NOK -85.2k NOK
-117.7%
Equity
1.89m NOK 1.81m NOK
-4.5%
Cash
1.84m NOK 945.5k NOK
-48.5%
Total assets
178.0k NOK 2.01m NOK
+1030.9%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 636.9k NOK to 97.0k NOK (-84.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +555.1k NOK → +263.1k NOK (op. margin 87.2% → 271.3%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 482.1k NOK profit to a loss of 85.2k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.89m NOK → 1.81m NOK (equity ratio 1062.5% → 89.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.84m NOK → 945.5k NOK (-48.5% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 30.4k NOK → 91.8k NOK. Reported fact