LERØY SEAFOOD GROUP ASA: årsregnskap 2014 vs 2013
Shrank 33% on revenue, cash halved-plus
approved 2015-05-21; registry 2015-08-17; journal 2015 718429
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for LERØY SEAFOOD GROUP ASA. Revenue 225.0k NOK → 150.0k NOK (-33.3%). Equity 3.74bn NOK → 3.92bn NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for LERØY SEAFOOD GROUP ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -29.6k NOK → +1.46bn NOK (op. margin -13.2% → 974174.7%). Calculated
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↑
Equity strengthened
Book equity 3.74bn NOK → 3.92bn NOK (equity ratio 69710.3% → 69.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 225.0k NOK to 150.0k NOK (-33.3% YoY). Calculated
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↓
Cash fell
Bank deposits 334.32m NOK → 389.3k NOK (-99.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 22.56m NOK → 27.70m NOK (10026% → 18463% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 22.6k NOK → 8.45bn NOK (+37458971.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (334.32m NOK → 389.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 4.37m NOK → 6.69m NOK. Reported fact