FirmaIQ
Org.nr 983 462 014 2020 → 2021 Year-over-year analysis

FRED. OLSEN SEAWIND ASA: årsregnskap 2021 vs 2020

Slipped into loss, cash halved-plus

approved 2022-06-29; registry 2022-08-13; journal 2022 854638

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for FRED. OLSEN SEAWIND ASA. Net result +321.00m NOK → -34.00m NOK. Equity 2.20bn NOK → 69.75m NOK.

On the constructive side: operating result improved. Pressures included: fell into a net loss; equity eroded; 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
n/m 0 NOK
—
Operating result
-43.65m NOK -20.78m NOK
+52.4%
Net result
+321.00m NOK -34.00m NOK
-110.6%
Equity
2.20bn NOK 69.75m NOK
-96.8%
Cash
27.98m NOK 10.53m NOK
-62.4%
Total assets
2.47bn NOK 110.18m NOK
-95.5%

What improved

  • ↑

    Operating result improved

    Operating result -43.65m NOK → -20.78m NOK. Calculated

What deteriorated

  • ↓

    Fell into a net loss

    Net result flipped from 321.00m NOK profit to a loss of 34.00m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 2.20bn NOK → 69.75m NOK (equity ratio 89.0% → 63.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 27.98m NOK → 10.53m NOK (-62.4% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (27.98m NOK → 10.53m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.77bn NOK → 45.24m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 2.41bn NOK → 81.32m NOK. Reported fact