FirmaIQ
Org.nr 983 462 014 2015 → 2016 Year-over-year analysis

FRED. OLSEN SEAWIND ASA: årsregnskap 2016 vs 2015

Shrank 80% on revenue, returned to profit

approved 2017-05-05; registry 2017-06-13; journal 2017 423573

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for FRED. OLSEN SEAWIND ASA. Revenue 188.28m NOK → 37.47m NOK (-80.1%). Net result -33.13m NOK → +2.03bn NOK. Equity 16.56bn NOK → 1.97bn NOK.

On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded.

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
188.28m NOK 37.47m NOK
-80.1%
Operating result
-34.55m NOK -24.38m NOK
+29.4%
Net result
-33.13m NOK +2.03bn NOK
+6237.8%
Equity
16.56bn NOK 1.97bn NOK
-88.1%
Cash
5.46m NOK 1.75bn NOK
+32022.7%
Total assets
1.58bn NOK 3.62bn NOK
+128.5%

What improved

  • ↑

    Operating result improved

    Operating result -34.55m NOK → -24.38m NOK (op. margin -18.3% → -65.1%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 33.13m NOK to a profit of 2.03bn NOK. Calculated

  • ↑

    Cash rose

    Bank deposits 5.46m NOK → 1.75bn NOK (+32022.7% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 188.28m NOK to 37.47m NOK (-80.1% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 16.56bn NOK → 1.97bn NOK (equity ratio 1045.9% → 54.3%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 1.51m NOK → 1.82bn NOK. Reported fact