FRED. OLSEN WINDCARRIER ASA: årsregnskap 2022 vs 2021
Grew 16% on revenue, returned to profit
approved 2023-05-03; registry 2023-07-31; journal 2023 620221
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for FRED. OLSEN WINDCARRIER ASA. Revenue 14.75m NOK → 17.16m NOK (+16.4%). Net result -17.13m NOK → +16.0k NOK. Equity 196.91m NOK → 9.20m NOK.
On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: 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 14.75m NOK to 17.16m NOK (+16.4% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 17.13m NOK to a profit of 16.0k NOK. Calculated
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Cash rose
Bank deposits 1.19m NOK → 6.33m NOK (+433.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.12× → 466.93×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -176.0k NOK → -250.0k NOK (op. margin -1.2% → -1.5%). Calculated
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↓
Equity eroded
Book equity 196.91m NOK → 9.20m NOK (equity ratio 52.5% → 2182.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 8.46m NOK → 9.90m NOK (57% → 58% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 358.05m NOK → 360.3k NOK. Reported fact