FRED. OLSEN WINDCARRIER ASA: årsregnskap 2009 vs 2008
Shrank 100% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for FRED. OLSEN WINDCARRIER ASA. Revenue 55.0k NOK → 0 NOK (-100.0%). Net result -5.06m NOK → -6.18m NOK. Equity 10.93m NOK → 18.06m NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
Revenue
55.0k NOK
0 NOK
-100.0%
Operating result
-6.55m NOK
-6.15m NOK
+6.1%
Net result
-5.06m NOK
-6.18m NOK
-22.1%
Equity
10.93m NOK
18.06m NOK
+65.3%
Total assets
13.17m NOK
24.00m NOK
+82.2%
What improved
-
↑
Operating result improved
Operating result -6.55m NOK → -6.15m NOK. Calculated
-
↑
Equity strengthened
Book equity 10.93m NOK → 18.06m NOK (equity ratio 82.9% → 75.2%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 55.0k NOK to 0 NOK (-100.0% YoY). Calculated
-
↓
Net result weakened
Net result -5.06m NOK → -6.18m NOK. Calculated
-
↓
Payroll up without matching revenue
Salary cost -3.70m NOK → -3.66m NOK. Calculated