Org.nr 986 942 785 2017 → 2018 Year-over-year analysis

EIDESVIK OFFSHORE ASA: årsregnskap 2018 vs 2017

Shrank 35% on revenue, fresh owner capital

approved 2019-04-29; registry 2019-08-05; journal 2019 860260

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2018 with 2017 for EIDESVIK OFFSHORE ASA. Revenue 754.72m NOK → 489.23m NOK (-35.2%). Equity 640.3k NOK → 780.7k NOK.

On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.

Mixed year — gains and pressures both show up.

Scorecard

Revenue
754.72m NOK 489.23m NOK
-35.2%
Operating result
-14.27m NOK -15.54m NOK
-8.9%
Equity
640.3k NOK 780.7k NOK
+21.9%
Cash
557.4k NOK 515.61m NOK
+92395.2%
Total assets
724.62m NOK 917.9k NOK
-99.9%

What improved

  • ↑

    Equity strengthened

    Book equity 640.3k NOK → 780.7k NOK (equity ratio 0.1% → 85.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 557.4k NOK → 515.61m NOK (+92395.2% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 2.06m NOK → 180.93m NOK (+178.88m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 754.72m NOK to 489.23m NOK (-35.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -14.27m NOK → -15.54m NOK (op. margin -1.9% → -3.2%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 11.25m NOK → 11.27m NOK (1% → 2% of revenue). Calculated