FirmaIQ
Org.nr 986 942 785 2012 → 2013 Year-over-year analysis

EIDESVIK OFFSHORE ASA: årsregnskap 2013 vs 2012

Shrank 100% on revenue, weaker earnings, cash halved-plus

approved 2014-04-23; registry 2014-07-07; journal 2014 540002

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for EIDESVIK OFFSHORE ASA. Revenue 980.49m NOK → 993.7k NOK (-99.9%). Net result +264.72m NOK → +158.25m NOK. Equity 652.44m NOK → 624.72m NOK.

On the constructive side: current ratio back above 1×. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for EIDESVIK OFFSHORE ASA.

At a glance

Scorecard

Revenue
980.49m NOK 993.7k NOK
-99.9%
Net result
+264.72m NOK +158.25m NOK
-40.2%
Equity
652.44m NOK 624.72m NOK
-4.2%
Cash
919.0k NOK 148.1k NOK
-83.9%
Total assets
721.54m NOK 954.9k NOK
-99.9%

What improved

  • ↑

    Current ratio back above 1×

    Current ratio 0.06× → 4.44×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 980.49m NOK to 993.7k NOK (-99.9% YoY). Calculated

  • ↓

    Net result weakened

    Net result +264.72m NOK → +158.25m NOK (net margin 27.0% → 15924.8%). Calculated

  • ↓

    Equity eroded

    Book equity 652.44m NOK → 624.72m NOK (equity ratio 90.4% → 65419.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 919.0k NOK → 148.1k NOK (-83.9% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 11.29m NOK → 11.33m NOK (1% → 1140% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 709.89m NOK → 796.5k NOK. Reported fact