SELVAAG BOLIG ASA: årsregnskap 2014 vs 2013
Shrank 61% on revenue, weaker earnings
approved 2015-04-29; registry 2015-06-23; journal 2015 510827
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for SELVAAG BOLIG ASA. Revenue 247.07m NOK → 97.34m NOK (-60.6%). Net result +164.18m NOK → +253.4k NOK. Equity 2.26bn NOK → 2.22bn NOK.
On the constructive side: cash rose; current ratio back above 1×; owners injected capital. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for SELVAAG BOLIG ASA.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 21.70m NOK → 51.16m NOK (+135.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.76× → 1.56×. Calculated
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↑
Owners injected capital
Paid-in equity rose 1.97bn NOK → 2.22bn NOK (+252.82m NOK). Reported fact
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↑
Payroll decreased
Salary cost 87.66m NOK → 82.87m NOK (35% → 85% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 247.07m NOK to 97.34m NOK (-60.6% YoY). Calculated
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↓
Net result weakened
Net result +164.18m NOK → +253.4k NOK (net margin 66.5% → 0.3%). Calculated
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↓
Equity eroded
Book equity 2.26bn NOK → 2.22bn NOK (equity ratio -37.8% → 61.4%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.76m NOK → -14.46m NOK (-403.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2.83bn NOK → 2.79bn NOK. Reported fact