AUSTEVOLL SEAFOOD ASA: årsregnskap 2014 vs 2013
Shrank 51% on revenue, weaker earnings, cash halved-plus
approved 2015-04-09; registry 2015-10-08; journal 2015 920850
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AUSTEVOLL SEAFOOD ASA. Revenue 4.40m NOK → 2.17m NOK (-50.7%). Net result +154.10m NOK → +363.0k NOK. Equity 4.29bn NOK → 4.25bn NOK.
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 AUSTEVOLL SEAFOOD ASA.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.40m NOK to 2.17m NOK (-50.7% YoY). Calculated
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Net result weakened
Net result +154.10m NOK → +363.0k NOK (net margin 3499.0% → 16.7%). Calculated
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Equity eroded
Book equity 4.29bn NOK → 4.25bn NOK (equity ratio 60.8% → 69.4%). Calculated
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Cash fell
Bank deposits 531.58m NOK → 713.2k NOK (-99.9% YoY). Calculated
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COGS moved
COGS / varekostnad 7.49bn NOK → 8.53bn NOK (+13.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (531.58m NOK → 713.2k 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 4.29bn NOK → 3.81bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 4.12bn NOK → 4.88bn NOK. Reported fact