DNO ASA: årsregnskap 2014 vs 2013
Grew 11590% on revenue, slipped into loss, cash halved-plus
approved 2015-03-19; registry 2015-04-16; journal 2015 362355
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for DNO ASA. Revenue 262.7k NOK → 30.71m NOK (+11589.7%). Net result +127.00m NOK → -226.00m NOK. Equity 1.46bn NOK → 84.87m NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; 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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Revenue rose
Operating income / revenue moved from 262.7k NOK to 30.71m NOK (+11589.7% YoY). Calculated
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Payroll decreased
Salary cost 3.23bn NOK → 39.36m NOK (1231144% → 128% of revenue). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 127.00m NOK profit to a loss of 226.00m NOK. Calculated
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↓
Equity eroded
Book equity 1.46bn NOK → 84.87m NOK (equity ratio 30.0% → 12.0%). Calculated
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↓
Cash fell
Bank deposits 1.59bn NOK → 108.46m NOK (-93.2% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.59bn NOK → 108.46m 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 1.78bn NOK → 216.38m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 3.24bn NOK → 589.8k NOK. Reported fact