EIDESVIK OFFSHORE ASA: årsregnskap 2008 vs 2007
Shrank 100% on revenue, weaker earnings
approved 2009-04-29; registry 2009-09-15
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for EIDESVIK OFFSHORE ASA. Revenue 752.95m NOK → 55.9k NOK (-100.0%). Net result -46.62m NOK → -603.61m NOK. Equity 409.92m NOK → 7.41bn NOK.
On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for EIDESVIK OFFSHORE ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 409.92m NOK → 7.41bn NOK (equity ratio 88.9% → 1232.5%). Calculated
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↑
Cash rose
Bank deposits 1.36m NOK → 58.11m NOK (+4169.3% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 1.71m NOK → 1.89m NOK (+179.2k NOK). Reported fact
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↑
Payroll decreased
Salary cost 241.59m NOK → 328.6k NOK (32% → 588% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 752.95m NOK to 55.9k NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result +151.04m NOK → -10.24m NOK (op. margin 20.1% → -18312.9%). Calculated
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↓
Net result weakened
Net result -46.62m NOK → -603.61m NOK (net margin -6.2% → -1079689.1%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 4 800 NOK → 800.0k NOK. Reported fact