FirmaIQ
Org.nr 929 897 404 2012 → 2013 Year-over-year analysis

SOLVANG ASA: årsregnskap 2013 vs 2012

Shrank 100% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for SOLVANG ASA. Revenue 48.05bn NOK → 50.46m NOK (-99.9%). Net result +55.47m NOK → +12.44m NOK. Equity 18567.01bn NOK → 18.0k NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for SOLVANG ASA.

At a glance

Scorecard

Revenue
48.05bn NOK 50.46m NOK
-99.9%
Operating result
+1.07bn NOK -1.85m NOK
-100.2%
Net result
+55.47m NOK +12.44m NOK
-77.6%
Equity
18567.01bn NOK 18.0k NOK
-100.0%
Cash
n/m 8.05m NOK
—
Total assets
n/m 671.25m NOK
—

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 48.05bn NOK to 50.46m NOK (-99.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.07bn NOK → -1.85m NOK (op. margin 2.2% → -3.7%). Calculated

  • ↓

    Net result weakened

    Net result +55.47m NOK → +12.44m NOK (net margin 0.1% → 24.7%). Calculated

  • ↓

    Equity eroded

    Book equity 18567.01bn NOK → 18.0k NOK. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 121.66bn NOK → 121.86m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 431.68m NOK → 625.66m NOK. Reported fact