FRED. OLSEN SEAWIND ASA: årsregnskap 2019 vs 2018
Grew 62% on revenue, stronger earnings
approved 2020-06-16; registry 2020-08-05; journal 2020 651803
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for FRED. OLSEN SEAWIND ASA. Revenue 35.92m NOK → 58.20m NOK (+62.0%). Net result +172.1k NOK → +1.93m NOK. Equity 1.00bn NOK → 1.88bn NOK.
On the constructive side: revenue rose; net result improved; 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
What improved
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Revenue rose
Operating income / revenue moved from 35.92m NOK to 58.20m NOK (+62.0% YoY). Calculated
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Net result improved
Net result +172.1k NOK → +1.93m NOK (net margin 0.5% → 3.3%). Calculated
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↑
Equity strengthened
Book equity 1.00bn NOK → 1.88bn NOK (equity ratio 51.6% → 97.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.05× → 1.50×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 39.43m NOK → 19.92m NOK (-49.5% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1.88bn NOK → 1.88bn NOK. Reported fact