ELKEM ASA: årsregnskap 2014 vs 2013
Grew 23% on revenue, returned to profit
approved 2015-06-18; registry 2015-07-09; journal 2015 571281
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ELKEM ASA. Revenue 5.29bn NOK → 6.52bn NOK (+23.2%). Net result -627.94m NOK → +267.69m NOK. Equity 5.49bn NOK → 5.69bn NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ELKEM ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.29bn NOK to 6.52bn NOK (+23.2% YoY). Calculated
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Operating result improved
Operating result -301.90m NOK → +685.90m NOK (op. margin -5.7% → 10.5%). Calculated
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Turned profitable
Net result flipped from a loss of 627.94m NOK to a profit of 267.69m NOK. Calculated
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Equity strengthened
Book equity 5.49bn NOK → 5.69bn NOK (equity ratio 65.6% → 63.6%). Calculated
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Cash rose
Bank deposits 92.87m NOK → 99.29m NOK (+6.9% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 5.50bn NOK → 5.31bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 810.5k NOK → 835.6k NOK (0% → 0% of revenue). Calculated
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COGS moved
COGS / varekostnad 3.29bn NOK → 3.86bn NOK (+17.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 4.26bn NOK → 15.81m NOK. Reported fact