MULTICONSULT ASA: årsregnskap 2014 vs 2013
Grew 9% on revenue, cash halved-plus
approved 2015-03-19; registry 2015-07-02; journal 2015 546307
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for MULTICONSULT ASA. Revenue 1.75bn NOK → 1.90bn NOK (+8.7%). Net result +168.50m NOK → +158.94m NOK. Equity 387.13m NOK → 332.33m NOK.
On the constructive side: revenue rose; current ratio back above 1×; payroll decreased. Pressures included: net 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 MULTICONSULT ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.75bn NOK to 1.90bn NOK (+8.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.42×. Calculated
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↑
Payroll decreased
Salary cost 214.36m NOK → 9.39m NOK (12% → 0% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +168.50m NOK → +158.94m NOK (net margin 9.6% → 8.4%). Calculated
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↓
Equity eroded
Book equity 387.13m NOK → 332.33m NOK (equity ratio 35.4% → 27.5%). Calculated
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↓
Cash fell
Bank deposits 340.19m NOK → 371.5k NOK (-99.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (340.19m NOK → 371.5k 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 387.13m NOK → 332.33m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 639.5k NOK → 101.76m NOK. Reported fact