FRED. OLSEN WINDCARRIER ASA: årsregnskap 2018 vs 2017
Shrank 100% on revenue, cash halved-plus
approved 2019-06-28; registry 2019-07-23; journal 2019 770487
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for FRED. OLSEN WINDCARRIER ASA. Revenue 10.92m NOK → 14.3k NOK (-99.9%). Equity 57.32m NOK → 102.54m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for FRED. OLSEN WINDCARRIER ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 57.32m NOK → 102.54m NOK (equity ratio 47.9% → 38.6%). Calculated
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↑
Payroll decreased
Salary cost 6.85m NOK → 7 571 NOK (63% → 53% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.92m NOK to 14.3k NOK (-99.9% YoY). Calculated
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↓
Cash fell
Bank deposits 2.54m NOK → 1 419 NOK (-99.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.54m NOK → 1 419 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 62.23m NOK → 102.5k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 110.72m NOK → 191.5k NOK. Reported fact