DNO ASA: årsregnskap 2015 vs 2014
Shrank 80% on revenue, returned to profit, cash halved-plus
approved 2016-06-02; registry 2016-09-01; journal 2016 884629
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for DNO ASA. Revenue 30.71m NOK → 6.08m NOK (-80.2%). Net result -226.00m NOK → +53.48m NOK. Equity 84.87m NOK → 11.25bn NOK.
On the constructive side: turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
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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↑
Turned profitable
Net result flipped from a loss of 226.00m NOK to a profit of 53.48m NOK. Calculated
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↑
Equity strengthened
Book equity 84.87m NOK → 11.25bn NOK (equity ratio 12.0% → 1624.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 30.71m NOK to 6.08m NOK (-80.2% YoY). Calculated
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↓
Cash fell
Bank deposits 108.46m NOK → 233.2k NOK (-99.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 5.01× → 0.04× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (108.46m NOK → 233.2k 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 216.38m NOK → 11.33m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 589.8k NOK → 449.35m NOK. Reported fact