HAVILA SHIPPING ASA: årsregnskap 2014 vs 2013
Shrank 100% on revenue, weaker earnings, fresh owner capital
approved 2015-04-08; registry 2015-07-29; journal 2015 663775
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for HAVILA SHIPPING ASA. Revenue 463.99m NOK → 519.8k NOK (-99.9%). Net result +13.48m NOK → +3.59m NOK. Equity 1.20bn NOK → 1.21bn NOK.
On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for HAVILA SHIPPING ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.20bn NOK → 1.21bn NOK (equity ratio 39.1% → 38.8%). Calculated
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↑
Cash rose
Bank deposits 180.3k NOK → 220.4k NOK (+22.2% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 721.6k NOK → 721.60m NOK (+720.87m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 463.99m NOK to 519.8k NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +511.39m NOK → +585.8k NOK (op. margin 110.2% → 112.7%). Calculated
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↓
Net result weakened
Net result +13.48m NOK → +3.59m NOK (net margin 2.9% → 691.1%). Calculated
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↓
Payroll up without matching revenue
Salary cost 11 NOK → 13.43m NOK (0% → 2583% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 403 NOK → 205.0k NOK. Reported fact