FirmaIQ
Org.nr 988 598 976 2013 → 2014 Year-over-year analysis

FRED. OLSEN WINDCARRIER ASA: årsregnskap 2014 vs 2013

Shrank 97% on revenue

approved 2015-06-29; registry 2015-07-23; journal 2015 637698

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for FRED. OLSEN WINDCARRIER ASA. Revenue 263.27m NOK → 8.03m NOK (-96.9%). Equity 57.04m NOK → 76.28m NOK.

On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for FRED. OLSEN WINDCARRIER ASA.

At a glance

Scorecard

Revenue
263.27m NOK 8.03m NOK
-96.9%
Operating result
-12.31m NOK n/m
—
Net result
+67.47m NOK n/m
—
Equity
57.04m NOK 76.28m NOK
+33.7%
Cash
5.62m NOK 5.52m NOK
-1.8%
Total assets
114.69m NOK 127.39m NOK
+11.1%

What improved

  • ↑

    Equity strengthened

    Book equity 57.04m NOK → 76.28m NOK (equity ratio 49.7% → 59.9%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.48× → 4.67×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 263.27m NOK to 8.03m NOK (-96.9% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 5.62m NOK → 5.52m NOK (-1.8% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost -20.16m NOK → 3.72m NOK (-8% → 46% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 90.53m NOK → 111.44m NOK. Reported fact