ARENDALS FOSSEKOMPANI ASA: årsregnskap 2014 vs 2013
Shrank 9% on revenue, stronger earnings
approved 2015-05-21; registry 2015-06-20; journal 2015 491352
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ARENDALS FOSSEKOMPANI ASA. Revenue 151.55m NOK → 138.12m NOK (-8.9%). Net result +79.28m NOK → +224.91m NOK. Equity 2.18bn NOK → 2.03bn NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ARENDALS FOSSEKOMPANI ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +212 NOK → +70.30m NOK (op. margin 0.0% → 50.9%). Calculated
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Net result improved
Net result +79.28m NOK → +224.91m NOK (net margin 52.3% → 162.8%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 151.55m NOK to 138.12m NOK (-8.9% YoY). Calculated
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Equity eroded
Book equity 2.18bn NOK → 2.03bn NOK (equity ratio 53.5% → 47.7%). Calculated
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Cash fell
Bank deposits 31.88m NOK → 25.40m NOK (-20.3% YoY). Calculated
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Payroll up without matching revenue
Salary cost 26.30m NOK → 26.89m NOK (17% → 19% of revenue). Calculated
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COGS moved
COGS / varekostnad 3.02m NOK → 6.45m NOK (+113.2% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 195.54m NOK → 195.27m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 1.78bn NOK → 1.95bn NOK. Reported fact