FirmaIQ
Org.nr 983 462 014 2017 → 2018 Year-over-year analysis

FRED. OLSEN SEAWIND ASA: årsregnskap 2018 vs 2017

Weaker earnings, cash halved-plus

approved 2019-05-16; registry 2019-07-24; journal 2019 775097

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for FRED. OLSEN SEAWIND ASA. Revenue 36.04m NOK → 35.92m NOK (-0.3%). Net result +124.07m NOK → +172.1k NOK. Equity 1.00bn NOK → 1.00bn NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.

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

At a glance

Scorecard

Revenue
36.04m NOK 35.92m NOK
-0.3%
Net result
+124.07m NOK +172.1k NOK
-99.9%
Equity
1.00bn NOK 1.00bn NOK
+0.1%
Cash
159.12m NOK 39.43m NOK
-75.2%
Total assets
2.02bn NOK 1.95bn NOK
-3.5%

What improved

  • ↑

    Equity strengthened

    Book equity 1.00bn NOK → 1.00bn NOK (equity ratio 49.8% → 51.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 36.04m NOK to 35.92m NOK (-0.3% YoY). Calculated

  • ↓

    Net result weakened

    Net result +124.07m NOK → +172.1k NOK (net margin 344.3% → 0.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 159.12m NOK → 39.43m NOK (-75.2% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (159.12m NOK → 39.43m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.77bn NOK → 1.00bn NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 1.83bn NOK → 1.88bn NOK. Reported fact