AKER SOLUTIONS AS: årsregnskap 2014 vs 2013
Grew 7% on revenue, cash halved-plus, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AKER SOLUTIONS AS. Revenue 8.73bn NOK → 9.31bn NOK (+6.6%). Equity 771.4k NOK → 867.4k NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: cash fell.
Also worth watching: operating result unchanged; thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for AKER SOLUTIONS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 8.73bn NOK to 9.31bn NOK (+6.6% YoY). Calculated
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Equity strengthened
Book equity 771.4k NOK → 867.4k NOK (equity ratio 11.9% → 0.0%). Calculated
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Owners injected capital
Paid-in equity rose 550.3k NOK → 373.25m NOK (+372.70m NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 890.52m NOK → 1.69m NOK (-99.8% YoY). Calculated
Things to notice
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Operating result unchanged
Operating result +19 NOK → +19 NOK (op. margin 0.0% → 0.0%). Calculated
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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 (890.52m NOK → 1.69m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 2 278 NOK → 2.28m NOK. Reported fact