FirmaIQ
Org.nr 988 598 976 2009 → 2010 Year-over-year analysis

FRED. OLSEN WINDCARRIER ASA: årsregnskap 2010 vs 2009

Returned to profit

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for FRED. OLSEN WINDCARRIER ASA. Revenue 0 NOK → 112.0k NOK. Net result -6.18m NOK → +4.05m NOK. Equity 18.06m NOK → 59.11m NOK.

On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for FRED. OLSEN WINDCARRIER ASA.

At a glance

Scorecard

Revenue
0 NOK 112.0k NOK
—
Operating result
-6.15m NOK -10.56m NOK
-71.8%
Net result
-6.18m NOK +4.05m NOK
+165.5%
Equity
18.06m NOK 59.11m NOK
+227.3%
Total assets
24.00m NOK 853.54m NOK
+3455.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 0 NOK to 112.0k NOK. Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 6.18m NOK to a profit of 4.05m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 18.06m NOK → 59.11m NOK (equity ratio 75.2% → 6.9%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -6.15m NOK → -10.56m NOK. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost -3.66m NOK → 7.37m NOK. Calculated

  • ·

    COGS moved

    COGS / varekostnad 0 NOK → 7.37m NOK (None YoY). Calculated