EIDESVIK OFFSHORE ASA: årsregnskap 2020 vs 2019
Grew 77774% on revenue, stronger earnings
approved 2021-04-29; registry 2021-08-10; journal 2021 593619
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for EIDESVIK OFFSHORE ASA. Revenue 681.6k NOK → 530.76m NOK (+77774.4%). Net result -690.27m NOK → -132.43m NOK. Equity 490.04m NOK → 477.34m NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating 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
What improved
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Revenue rose
Operating income / revenue moved from 681.6k NOK to 530.76m NOK (+77774.4% YoY). Calculated
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Net result improved
Net result -690.27m NOK → -132.43m NOK (net margin -101278.5% → -25.0%). Calculated
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Cash rose
Bank deposits 673.2k NOK → 34.42m NOK (+5013.3% YoY). Calculated
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Payroll decreased
Salary cost 11.31m NOK → 11.27m NOK (1659% → 2% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -11.40m NOK → -12.12m NOK (op. margin -1672.2% → -2.3%). Calculated
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Equity eroded
Book equity 490.04m NOK → 477.34m NOK (equity ratio 82.1% → 73488.7%). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 522.79m NOK → 339.90m NOK. Reported fact