MOWI ASA: årsregnskap 2014 vs 2013
Grew 25% on revenue, cash halved-plus
approved 2015-04-28; registry 2015-07-18; journal 2015 611457
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for MOWI ASA. Revenue 93.00m NOK → 116.00m NOK (+24.7%). Equity 19.97bn NOK → 17.16bn NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for MOWI ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 93.00m NOK to 116.00m NOK (+24.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 114.00m NOK → 14.12m NOK (123% → 12% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -157.00m NOK → -353.00m NOK (op. margin -168.8% → -304.3%). Calculated
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↓
Equity eroded
Book equity 19.97bn NOK → 17.16bn NOK (equity ratio 66.5% → 48.2%). Calculated
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↓
Cash fell
Bank deposits 131.00m NOK → 647.0k NOK (-99.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (131.00m NOK → 647.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 12.80bn NOK → 12.35bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 25.46bn NOK → 28.33bn NOK. Reported fact