AKASTOR ASA: årsregnskap 2015 vs 2014
Shrank 41% on revenue, weaker earnings, cash halved-plus
approved 2016-03-15; registry 2016-05-04; journal 2016 404927
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AKASTOR ASA. Revenue 27.00m NOK → 16.00m NOK (-40.7%). Net result -80.00m NOK → -2.56bn NOK. Equity 4.70bn NOK → 3.24bn NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; 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
-
↑
Operating result improved
Operating result -82.00m NOK → -51.00m NOK (op. margin -303.7% → -318.8%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 27.00m NOK to 16.00m NOK (-40.7% YoY). Calculated
-
↓
Net result weakened
Net result -80.00m NOK → -2.56bn NOK (net margin -296.3% → -16025.0%). Calculated
-
↓
Equity eroded
Book equity 4.70bn NOK → 3.24bn NOK (equity ratio 33.4% → 24.5%). Calculated
-
↓
Cash fell
Bank deposits 499.00m NOK → 195.00m NOK (-60.9% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.30× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (499.00m NOK → 195.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 4.16bn NOK → 3.24bn NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 6.34bn NOK → 6.86bn NOK. Reported fact