EIDESVIK OFFSHORE ASA: årsregnskap 2012 vs 2011
Shrank 80% on revenue, stronger earnings
approved 2013-04-29; registry 2013-06-29; journal 2013 496338
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for EIDESVIK OFFSHORE ASA. Revenue 5.00bn NOK → 980.49m NOK (-80.4%). Net result +3.34m NOK → +264.72m NOK. Equity 5.71m NOK → 652.44m NOK.
On the constructive side: net result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.
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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↑
Net result improved
Net result +3.34m NOK → +264.72m NOK (net margin 0.1% → 27.0%). Calculated
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↑
Equity strengthened
Book equity 5.71m NOK → 652.44m NOK (equity ratio 0.8% → 90.4%). Calculated
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↑
Payroll decreased
Salary cost 360.73m NOK → 11.29m NOK (7% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.00bn NOK to 980.49m NOK (-80.4% YoY). Calculated
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↓
Cash fell
Bank deposits 937.0k NOK → 919.0k NOK (-1.9% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 800.0k NOK → 709.89m NOK. Reported fact