EIDESVIK OFFSHORE ASA: årsregnskap 2021 vs 2020
Shrank 99% on revenue, stronger earnings
approved 2022-04-27; registry 2022-06-13; journal 2022 403615
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for EIDESVIK OFFSHORE ASA. Revenue 530.76m NOK → 4.59m NOK (-99.1%). Net result -132.43m NOK → -6.51m NOK. Equity 477.34m NOK → 470.83m NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; 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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Net result improved
Net result -132.43m NOK → -6.51m NOK (net margin -25.0% → -141.9%). Calculated
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Cash rose
Bank deposits 34.42m NOK → 138.21m NOK (+301.5% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 530.76m NOK to 4.59m NOK (-99.1% YoY). Calculated
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Operating result weakened
Operating result -12.12m NOK → -14.29m NOK (op. margin -2.3% → -311.4%). Calculated
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Equity eroded
Book equity 477.34m NOK → 470.83m NOK (equity ratio 73488.7% → 72.9%). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 339.90m NOK → 498.6k NOK. Reported fact