ELKEM ASA: årsregnskap 2015 vs 2014
Grew 12% on revenue, stronger earnings
approved 2016-04-20; registry 2016-06-13; journal 2016 495672
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ELKEM ASA. Revenue 6.52bn NOK → 7.28bn NOK (+11.6%). Net result +267.69m NOK → +326.75m NOK. Equity 5.69bn NOK → 3.79bn NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
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 6.52bn NOK to 7.28bn NOK (+11.6% YoY). Calculated
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↑
Net result improved
Net result +267.69m NOK → +326.75m NOK (net margin 4.1% → 4.5%). Calculated
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Cash rose
Bank deposits 99.29m NOK → 723.57m NOK (+628.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.92× → 1.08×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 5.69bn NOK → 3.79bn NOK (equity ratio 63.6% → 37.3%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 5.31bn NOK → 3.09bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 835.6k NOK → 902.5k NOK (0% → 0% of revenue). Calculated
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COGS moved
COGS / varekostnad 3.86bn NOK → 3.97bn NOK (+2.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 15.81m NOK → 14.25m NOK. Reported fact