FirmaIQ
Org.nr 983 462 014 2019 → 2020 Year-over-year analysis

FRED. OLSEN SEAWIND ASA: årsregnskap 2020 vs 2019

Stronger earnings, fresh owner capital

approved 2021-06-18; registry 2021-08-10; journal 2021 600186

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for FRED. OLSEN SEAWIND ASA. Net result +1.93m NOK → +321.00m NOK. Equity 1.88bn NOK → 2.20bn NOK.

On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: operating result weakened; current ratio dropped below 1×.

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
58.20m NOK n/m
—
Operating result
-28.81m NOK -43.65m NOK
-51.5%
Net result
+1.93m NOK +321.00m NOK
+16506.5%
Equity
1.88bn NOK 2.20bn NOK
+16.8%
Cash
19.92m NOK 27.98m NOK
+40.5%
Total assets
1.93bn NOK 2.47bn NOK
+27.9%

What improved

  • ↑

    Net result improved

    Net result +1.93m NOK → +321.00m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 1.88bn NOK → 2.20bn NOK (equity ratio 97.5% → 89.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 19.92m NOK → 27.98m NOK (+40.5% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.00bn NOK → 1.77bn NOK (+768.22m NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -28.81m NOK → -43.65m NOK. Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.50× → 0.15× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 1.88bn NOK → 2.41bn NOK. Reported fact