SOLVANG ASA: årsregnskap 2014 vs 2013
Grew 9% on revenue, weaker earnings
approved 2015-05-12; registry 2015-07-06; journal 2015 555497
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for SOLVANG ASA. Revenue 50.46m NOK → 54.81m NOK (+8.6%). Net result +12.44m NOK → +9.15m NOK. Equity 18.0k NOK → 542.73m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for SOLVANG ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 50.46m NOK to 54.81m NOK (+8.6% YoY). Calculated
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↑
Operating result improved
Operating result -1.85m NOK → +1.81m NOK (op. margin -3.7% → 3.3%). Calculated
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↑
Equity strengthened
Book equity 18.0k NOK → 542.73m NOK (equity ratio 0.0% → 81.1%). Calculated
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↑
Cash rose
Bank deposits 8.05m NOK → 18.84m NOK (+134.1% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +12.44m NOK → +9.15m NOK (net margin 24.7% → 16.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.42× → 0.33× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 121.86m NOK → 122.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 625.66m NOK → 626.5k NOK. Reported fact