ELOPAK ASA: årsregnskap 2013 vs 2012
Shrank 86% on revenue, weaker earnings, cash halved-plus
approved 2014-03-06; registry 2014-06-26; journal 2014 512176
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ELOPAK ASA. Revenue 626.94m NOK → 86.09m NOK (-86.3%). Net result +140.96m NOK → +5 048 NOK. Equity 728.0k NOK → 89.35m NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ELOPAK ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 728.0k NOK → 89.35m NOK (equity ratio 0.0% → 42.1%). Calculated
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↑
Owners injected capital
Paid-in equity rose 643.0k NOK → 87.36m NOK (+86.72m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 626.94m NOK to 86.09m NOK (-86.3% YoY). Calculated
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↓
Net result weakened
Net result +140.96m NOK → +5 048 NOK (net margin 22.5% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 3.14m NOK → 259.0k NOK (-91.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 440.38× → 0.37× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 4.21m NOK → 29.77m NOK (1% → 35% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.14m NOK → 259.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 50.0k NOK → 7 000 NOK. Reported fact