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Org.nr 988 598 976 2010 → 2011 Year-over-year analysis

FRED. OLSEN WINDCARRIER ASA: årsregnskap 2011 vs 2010

Grew 19% on revenue, slipped into loss

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for FRED. OLSEN WINDCARRIER ASA. Revenue 112.0k NOK → 132.9k NOK (+18.7%). Net result +4.05m NOK → -18.16m NOK. Equity 59.11m NOK → 59.55m NOK.

On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; fell into a net loss.

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

At a glance

Scorecard

Revenue
112.0k NOK 132.9k NOK
+18.7%
Operating result
-10.56m NOK -17.59m NOK
-66.6%
Net result
+4.05m NOK -18.16m NOK
-548.6%
Equity
59.11m NOK 59.55m NOK
+0.8%
Total assets
853.54m NOK 1.51bn NOK
+77.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 112.0k NOK to 132.9k NOK (+18.7% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 59.11m NOK → 59.55m NOK (equity ratio 6.9% → 3.9%). Calculated

  • ↑

    Payroll decreased

    Salary cost 7.37m NOK → -10.47m NOK (6582% → -7880% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -10.56m NOK → -17.59m NOK (op. margin -9426.0% → -13232.2%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 4.05m NOK profit to a loss of 18.16m NOK. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation