Org.nr 986 942 785 2015 → 2016 Year-over-year analysis

EIDESVIK OFFSHORE ASA: årsregnskap 2016 vs 2015

Grew 63189% on revenue

approved 2017-04-25; registry 2017-07-04; journal 2017 585125

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for EIDESVIK OFFSHORE ASA. Revenue 1.24m NOK → 784.11m NOK (+63188.7%). Equity 553.21m NOK → 542.71m NOK.

On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded; cash fell.

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

At a glance

Revenue

1.24m NOK 784.11m NOK

+63188.7%

Operating result

-11.28m NOK -9.80m NOK

+13.1%

Net result

-196.91m NOK n/m

—

Equity

553.21m NOK 542.71m NOK

-1.9%

Cash

58.01m NOK 54.64m NOK

-5.8%

Total assets

854.65m NOK 844.88m NOK

-1.1%

↑
Revenue rose

Operating income / revenue moved from 1.24m NOK to 784.11m NOK (+63188.7% YoY). Calculated
↑
Operating result improved

Operating result -11.28m NOK → -9.80m NOK (op. margin -910.1% → -1.3%). Calculated
↑
Payroll decreased

Salary cost 314.15m NOK → 235.79m NOK (25357% → 30% of revenue). Calculated

↓
Equity eroded

Book equity 553.21m NOK → 542.71m NOK (equity ratio 64.7% → 64.2%). Calculated
↓
Cash fell

Bank deposits 58.01m NOK → 54.64m NOK (-5.8% YoY). Calculated

·
Book investments changed

Investment / intangible book value 787.2k NOK → 780.88m NOK. Reported fact