FirmaIQ
Org.nr 911 382 008 2012 → 2013 Year-over-year analysis

ELKEM ASA: årsregnskap 2013 vs 2012

Shrank 5% on revenue, weaker earnings, fresh owner capital

approved 2014-06-19; registry 2014-09-13; journal 2014 840983

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ELKEM ASA. Revenue 5.60bn NOK → 5.29bn NOK (-5.5%). Net result -454.99m NOK → -627.94m NOK. Equity 2.43bn NOK → 5.49bn NOK.

On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; net result weakened.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ELKEM ASA.

At a glance

Scorecard

Revenue
5.60bn NOK 5.29bn NOK
-5.5%
Operating result
n/m -301.90m NOK
—
Net result
-454.99m NOK -627.94m NOK
-38.0%
Equity
2.43bn NOK 5.49bn NOK
+125.5%
Cash
37.63m NOK 92.87m NOK
+146.8%
Total assets
9.86bn NOK 8.37bn NOK
-15.1%

What improved

  • ↑

    Equity strengthened

    Book equity 2.43bn NOK → 5.49bn NOK (equity ratio 24.7% → 65.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 37.63m NOK → 92.87m NOK (+146.8% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 2.59bn NOK → 5.50bn NOK (+2.91bn NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 551.18m NOK → 810.5k NOK (10% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.60bn NOK to 5.29bn NOK (-5.5% YoY). Calculated

  • ↓

    Net result weakened

    Net result -454.99m NOK → -627.94m NOK (net margin -8.1% → -11.9%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 4.23bn NOK → 3.29bn NOK (-22.2% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 7.29bn NOK → 4.26bn NOK. Reported fact