ENDÚR ASA: årsregnskap 2014 vs 2013
Shrank 75% on revenue, slipped into loss
approved 2015-04-29; registry 2015-09-16; journal 2015 836904
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ENDÚR ASA. Revenue 3.06bn NOK → 752.19m NOK (-75.4%). Net result +6.39m NOK → -133.61m NOK. Equity 165.72m NOK → 51.49m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ENDÚR ASA.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 6.60m NOK → 18.67m NOK (+182.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.06bn NOK to 752.19m NOK (-75.4% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 6.39m NOK profit to a loss of 133.61m NOK. Calculated
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↓
Equity eroded
Book equity 165.72m NOK → 51.49m NOK (equity ratio 10.0% → 3.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.32m NOK → 5.28m NOK (0% → 1% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 165.72m NOK → 81.26m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 2.32m NOK → 1.55m NOK (-33.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.48bn NOK → 1.22bn NOK. Reported fact