AKASTOR ASA: årsregnskap 2014 vs 2013
Shrank 44% on revenue, slipped into loss
approved 2015-04-08; registry 2015-05-13; journal 2015 398782
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AKASTOR ASA. Revenue 48.00m NOK → 27.00m NOK (-43.8%). Net result +1.26bn NOK → -80.00m NOK. Equity 9.00bn NOK → 4.70bn NOK.
On the constructive side: operating result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for AKASTOR ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -83.00m NOK → -82.00m NOK (op. margin -172.9% → -303.7%). Calculated
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Cash rose
Bank deposits 1.02m NOK → 499.00m NOK (+48678.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.84× → 1.30×. Calculated
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Payroll decreased
Salary cost 14.35bn NOK → 5.10bn NOK (29885% → 18904% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 48.00m NOK to 27.00m NOK (-43.8% YoY). Calculated
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Fell into a net loss
Net result flipped from 1.26bn NOK profit to a loss of 80.00m NOK. Calculated
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↓
Equity eroded
Book equity 9.00bn NOK → 4.70bn NOK (equity ratio 29.9% → 33.4%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 4.89bn NOK → 4.16bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 17.73bn NOK → 6.34bn NOK. Reported fact