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Org.nr 988 598 976 2007 → 2008 Year-over-year analysis

FRED. OLSEN WINDCARRIER ASA: årsregnskap 2008 vs 2007

Shrank 99% on revenue, slipped into loss

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for FRED. OLSEN WINDCARRIER ASA. Revenue 6.13m NOK → 55.0k NOK (-99.1%). Net result +2.41m NOK → -5.06m NOK. Equity 987.2k NOK → 10.93m NOK.

On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for FRED. OLSEN WINDCARRIER ASA.

At a glance

Scorecard

Revenue
6.13m NOK 55.0k NOK
-99.1%
Operating result
+361.9k NOK -6.55m NOK
-1908.5%
Net result
+2.41m NOK -5.06m NOK
-309.6%
Equity
987.2k NOK 10.93m NOK
+1007.0%
Total assets
346.3k NOK 13.17m NOK
+3705.0%

What improved

  • ↑

    Equity strengthened

    Book equity 987.2k NOK → 10.93m NOK (equity ratio 285.1% → 82.9%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.02× → 53.09×. Calculated

  • ↑

    Payroll decreased

    Salary cost 1 NOK → -3.70m NOK (0% → -6719% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.13m NOK to 55.0k NOK (-99.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +361.9k NOK → -6.55m NOK (op. margin 5.9% → -11900.6%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 2.41m NOK profit to a loss of 5.06m NOK. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 731.0k NOK → 0 NOK (-100.0% YoY). Calculated