FirmaIQ
Org.nr 988 598 976 2012 → 2013 Year-over-year analysis

FRED. OLSEN WINDCARRIER ASA: årsregnskap 2013 vs 2012

Grew 1589% on revenue, stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for FRED. OLSEN WINDCARRIER ASA. Revenue 15.58m NOK → 263.27m NOK (+1589.5%). Net result +2 012 NOK → +67.47m NOK. Equity 8.43bn NOK → 57.04m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
15.58m NOK 263.27m NOK
+1589.5%
Operating result
-36.64m NOK -12.31m NOK
+66.4%
Net result
+2 012 NOK +67.47m NOK
+3353285.1%
Equity
8.43bn NOK 57.04m NOK
-99.3%
Cash
n/m 5.62m NOK
—
Total assets
2.10bn NOK 114.69m NOK
-94.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 15.58m NOK to 263.27m NOK (+1589.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -36.64m NOK → -12.31m NOK (op. margin -235.1% → -4.7%). Calculated

  • ↑

    Net result improved

    Net result +2 012 NOK → +67.47m NOK (net margin 0.0% → 25.6%). Calculated

  • ↑

    Payroll decreased

    Salary cost -19.08m NOK → -20.16m NOK (-122% → -8% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 8.43bn NOK → 57.04m NOK (equity ratio 401.7% → 49.7%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 7.24× → 0.48× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated