FirmaIQ
Org.nr 983 462 014 2002 → 2003 Year-over-year analysis

FRED. OLSEN SEAWIND ASA: årsregnskap 2003 vs 2002

Grew 43610% on revenue, returned to profit

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for FRED. OLSEN SEAWIND ASA. Revenue 1 438 NOK → 628.5k NOK (+43609.7%). Net result -8.70m NOK → +5.53m NOK. Equity 291.30m NOK → 295.49m NOK.

On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for FRED. OLSEN SEAWIND ASA.

At a glance

Scorecard

Revenue
1 438 NOK 628.5k NOK
+43609.7%
Operating result
-1.49m NOK n/m
—
Net result
-8.70m NOK +5.53m NOK
+163.6%
Equity
291.30m NOK 295.49m NOK
+1.4%
Cash
8.33m NOK 5.93m NOK
-28.8%
Total assets
347.57m NOK 422.21m NOK
+21.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 438 NOK to 628.5k NOK (+43609.7% YoY). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 8.70m NOK to a profit of 5.53m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 291.30m NOK → 295.49m NOK (equity ratio 83.8% → 70.0%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 8.33m NOK → 5.93m NOK (-28.8% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 278.66m NOK → 413.34m NOK. Reported fact