FirmaIQ
Org.nr 983 462 014 2016 → 2017 Year-over-year analysis

FRED. OLSEN SEAWIND ASA: årsregnskap 2017 vs 2016

Weaker earnings, cash halved-plus

approved 2018-06-26; registry 2018-08-15; journal 2018 911433

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for FRED. OLSEN SEAWIND ASA. Revenue 37.47m NOK → 36.04m NOK (-3.8%). Net result +2.03bn NOK → +124.07m NOK. Equity 1.97bn NOK → 1.00bn NOK.

Pressures included: revenue fell; net result weakened; equity eroded.

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

At a glance

Scorecard

Revenue
37.47m NOK 36.04m NOK
-3.8%
Operating result
-24.38m NOK n/m
—
Net result
+2.03bn NOK +124.07m NOK
-93.9%
Equity
1.97bn NOK 1.00bn NOK
-48.9%
Cash
1.75bn NOK 159.12m NOK
-90.9%
Total assets
3.62bn NOK 2.02bn NOK
-44.3%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 37.47m NOK to 36.04m NOK (-3.8% YoY). Calculated

  • ↓

    Net result weakened

    Net result +2.03bn NOK → +124.07m NOK (net margin 5427.6% → 344.3%). Calculated

  • ↓

    Equity eroded

    Book equity 1.97bn NOK → 1.00bn NOK (equity ratio 54.3% → 49.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.75bn NOK → 159.12m NOK (-90.9% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.08× → 0.16× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.75bn NOK → 159.12m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 1.82bn NOK → 1.83bn NOK. Reported fact