FirmaIQ
Org.nr 986 942 785 2016 → 2017 Year-over-year analysis

EIDESVIK OFFSHORE ASA: årsregnskap 2017 vs 2016

Cash halved-plus

approved 2018-04-24; registry 2018-08-04; journal 2018 858767

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for EIDESVIK OFFSHORE ASA. Revenue 784.11m NOK → 754.72m NOK (-3.7%). Equity 542.71m NOK → 640.3k NOK.

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

Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for EIDESVIK OFFSHORE ASA.

At a glance

Scorecard

Revenue
784.11m NOK 754.72m NOK
-3.7%
Operating result
-9.80m NOK -14.27m NOK
-45.6%
Equity
542.71m NOK 640.3k NOK
-99.9%
Cash
54.64m NOK 557.4k NOK
-99.0%
Total assets
844.88m NOK 724.62m NOK
-14.2%

What improved

  • ↑

    Payroll decreased

    Salary cost 235.79m NOK → 11.25m NOK (30% → 1% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 784.11m NOK to 754.72m NOK (-3.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -9.80m NOK → -14.27m NOK (op. margin -1.3% → -1.9%). Calculated

  • ↓

    Equity eroded

    Book equity 542.71m NOK → 640.3k NOK (equity ratio 64.2% → 0.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 54.64m NOK → 557.4k NOK (-99.0% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (54.64m NOK → 557.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 780.88m NOK → 22.7k NOK. Reported fact