FirmaIQ
Org.nr 913 011 384 2018 → 2019 Year-over-year analysis

GOLDEN ENERGY OFFSHORE SERVICES ASA: årsregnskap 2019 vs 2018

Shrank 100% on revenue, cash halved-plus

approved 2020-06-30; registry 2020-07-13; journal 2020 568197

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for GOLDEN ENERGY OFFSHORE SERVICES ASA. Revenue 61.16m NOK → 165.3k NOK (-99.7%). Equity 269.74m NOK → 295.00m NOK.

On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for GOLDEN ENERGY OFFSHORE SERVICES ASA.

At a glance

Scorecard

Revenue
61.16m NOK 165.3k NOK
-99.7%
Operating result
n/m -11.44m NOK
—
Net result
n/m -8.33m NOK
—
Equity
269.74m NOK 295.00m NOK
+9.4%
Cash
15.23m NOK 1.25m NOK
-91.8%
Total assets
272.28m NOK 297.73m NOK
+9.3%

What improved

  • ↑

    Equity strengthened

    Book equity 269.74m NOK → 295.00m NOK (equity ratio 99.1% → 99.1%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 192.85m NOK → 230.18m NOK (+37.33m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 61.16m NOK to 165.3k NOK (-99.7% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 15.23m NOK → 1.25m NOK (-91.8% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (15.23m NOK → 1.25m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 140.41m NOK → 140.50m NOK. Reported fact