NORSKE SKOGINDUSTRIER ASA: årsregnskap 2014 vs 2013
Shrank 52% on revenue, cash halved-plus
approved 2015-04-16; registry 2015-07-09; journal 2015 578365
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for NORSKE SKOGINDUSTRIER ASA. Revenue 254.00m NOK → 121.00m NOK (-52.4%). Net result -1.84bn NOK → -1.50bn NOK. Equity 2.15bn NOK → 1.25bn NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORSKE SKOGINDUSTRIER ASA.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -1.84bn NOK → -1.50bn NOK (net margin -726.0% → -1243.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 254.00m NOK to 121.00m NOK (-52.4% YoY). Calculated
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↓
Equity eroded
Book equity 2.15bn NOK → 1.25bn NOK (equity ratio 11.3% → 8.1%). Calculated
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↓
Cash fell
Bank deposits 802.00m NOK → 397.00m NOK (-50.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 2.15bn NOK → 1.25bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 17.18bn NOK → 14.69bn NOK. Reported fact