AHLSELL NORGE AS: årsregnskap 2014 vs 2013
Grew 446% on revenue, stronger earnings, cash halved-plus
approved 2015-03-20; registry 2015-11-07; journal 2015 951368
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AHLSELL NORGE AS. Revenue 3.99bn NOK → 21.81bn NOK (+446.4%). Net result +52.65m NOK → +102.00m NOK. Equity 318.90m NOK → 260.55m NOK.
On the constructive side: revenue rose; net result improved; current ratio back above 1×. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AHLSELL NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.99bn NOK to 21.81bn NOK (+446.4% YoY). Calculated
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↑
Net result improved
Net result +52.65m NOK → +102.00m NOK (net margin 1.3% → 0.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.79× → 1.80×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 318.90m NOK → 260.55m NOK (equity ratio 10.3% → 5.8%). Calculated
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↓
Cash fell
Bank deposits 53.36m NOK → 22.42m NOK (-58.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 5.53bn NOK → 5.63bn NOK (139% → 26% of revenue). Calculated
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COGS moved
COGS / varekostnad 2.90bn NOK → 3.31bn NOK (+14.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 88.0k NOK → 56.0k NOK. Reported fact