FRED. OLSEN WINDCARRIER ASA: årsregnskap 2021 vs 2020
Slipped into loss, cash halved-plus
approved 2022-06-30; registry 2022-07-20; journal 2022 668202
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for FRED. OLSEN WINDCARRIER ASA. Revenue 14.61m NOK → 14.75m NOK (+1.0%). Net result +37.23m NOK → -17.13m NOK. Equity 214.1k NOK → 196.91m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; fell into a net loss; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; 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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↑
Revenue rose
Operating income / revenue moved from 14.61m NOK to 14.75m NOK (+1.0% YoY). Calculated
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↑
Equity strengthened
Book equity 214.1k NOK → 196.91m NOK (equity ratio 0.1% → 52.5%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +2.40m NOK → -176.0k NOK (op. margin 16.5% → -1.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 37.23m NOK profit to a loss of 17.13m NOK. Calculated
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↓
Cash fell
Bank deposits 3.93m NOK → 1.19m NOK (-69.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.93m NOK → 1.19m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 7.68m NOK → 8.46m NOK (53% → 57% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 362.4k NOK → 358.05m NOK. Reported fact