VÅR ENERGI ASA: årsregnskap 2014 vs 2013
Shrank 5% on revenue, stronger earnings, cash halved-plus
approved 2015-03-02; registry 2015-06-01; journal 2015 417372
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for VÅR ENERGI ASA. Revenue 18.18bn NOK → 17.20bn NOK (-5.4%). Net result +734.8k NOK → +3.31bn NOK. Equity 4.88bn NOK → 5.77bn NOK.
On the constructive side: net result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for VÅR ENERGI ASA.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +734.8k NOK → +3.31bn NOK (net margin 0.0% → 19.3%). Calculated
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↑
Equity strengthened
Book equity 4.88bn NOK → 5.77bn NOK (equity ratio 10262.0% → 10.0%). Calculated
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↑
Payroll decreased
Salary cost 751.71m NOK → 835.6k NOK (4% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 18.18bn NOK to 17.20bn NOK (-5.4% YoY). Calculated
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↓
Cash fell
Bank deposits 338.50m NOK → 495.4k NOK (-99.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (338.50m NOK → 495.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 2 126 NOK → 2.13m NOK. Reported fact