DNO ASA: årsregnskap 2013 vs 2012
Shrank 98% on revenue, returned to profit, fresh owner capital
approved 2014-04-30; registry 2014-06-18; journal 2014 468166
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for DNO ASA. Revenue 12.34m NOK → 262.7k NOK (-97.9%). Net result -126.81m NOK → +127.00m NOK. Equity 2.42bn NOK → 1.46bn NOK.
On the constructive side: turned profitable; cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for DNO ASA.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 126.81m NOK to a profit of 127.00m NOK. Calculated
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↑
Cash rose
Bank deposits 1.35bn NOK → 1.59bn NOK (+17.5% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 1.31m NOK → 1.78bn NOK (+1.78bn NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 12.34m NOK to 262.7k NOK (-97.9% YoY). Calculated
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↓
Operating result weakened
Operating result +417.00m NOK → -140.23m NOK (op. margin 3379.8% → -53374.7%). Calculated
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↓
Equity eroded
Book equity 2.42bn NOK → 1.46bn NOK (equity ratio 48.7% → 30.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 91.85m NOK → 3.23bn NOK (744% → 1231144% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 3.60bn NOK → 3.24bn NOK. Reported fact