ENTRA ASA: årsregnskap 2014 vs 2013
Grew 105% on revenue, cash halved-plus, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ENTRA ASA. Revenue 1.58bn NOK → 3.23bn NOK (+104.8%). Equity 1.73bn NOK → 3.77bn NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ENTRA ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.58bn NOK to 3.23bn NOK (+104.8% YoY). Calculated
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↑
Equity strengthened
Book equity 1.73bn NOK → 3.77bn NOK (equity ratio 87.4% → 89.0%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.07×. Calculated
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↑
Owners injected capital
Paid-in equity rose 1.73bn NOK → 3.74bn NOK (+2.01bn NOK). Reported fact
What deteriorated
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↓
Cash fell
Bank deposits 177.00m NOK → 0 NOK (-100.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (177.00m NOK → 0 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 1.73bn NOK → 3.72bn NOK. Reported fact