AKER BP ASA: årsregnskap 2014 vs 2013
Grew 788% on revenue, weaker earnings, cash halved-plus
approved 2015-04-13; registry 2015-08-13; journal 2015 712632
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AKER BP ASA. Revenue 943.9k NOK → 8.38m NOK (+787.5%). Net result -93.35m NOK → -279.14m NOK. Equity 3.19bn NOK → 651.7k NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for AKER BP ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 943.9k NOK to 8.38m NOK (+787.5% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -93.35m NOK → -279.14m NOK (net margin -9889.7% → -3332.1%). Calculated
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↓
Equity eroded
Book equity 3.19bn NOK → 651.7k NOK (equity ratio 30.2% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 1.71bn NOK → 295.2k NOK (-100.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.71bn NOK → 295.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 3.23bn NOK → 1.07m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 410.8k NOK → 13.42m NOK. Reported fact