Org.nr 917 772 533 2016 → 2017 Year-over-year analysis

OLYMPIC SUBSEA ASA: årsregnskap 2017 vs 2016

Grew 1229% on revenue, fresh owner capital

approved 2018-04-30; registry 2018-06-20; journal 2018 511631

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for OLYMPIC SUBSEA ASA. Revenue 495.08m NOK → 6.58bn NOK (+1229.5%). Equity 22.9k NOK → 8.25bn NOK.

On the constructive side: revenue rose; operating result improved; equity strengthened.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for OLYMPIC SUBSEA ASA.

At a glance

Revenue

495.08m NOK 6.58bn NOK

+1229.5%

Operating result

+35.03m NOK +36.04m NOK

+2.9%

Net result

-7 103 NOK n/m

—

Equity

22.9k NOK 8.25bn NOK

+36019200.0%

Cash

22.9k NOK 21.27m NOK

+92808.8%

Total assets

22.9k NOK 511.98m NOK

+2235822.2%

↑
Revenue rose

Operating income / revenue moved from 495.08m NOK to 6.58bn NOK (+1229.5% YoY). Calculated
↑
Operating result improved

Operating result +35.03m NOK → +36.04m NOK (op. margin 7.1% → 0.5%). Calculated
↑
Equity strengthened

Book equity 22.9k NOK → 8.25bn NOK (equity ratio 100.0% → 1610.9%). Calculated
↑
Cash rose

Bank deposits 22.9k NOK → 21.27m NOK (+92808.8% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 30.0k NOK → 247.70m NOK (+247.67m NOK). Reported fact

·
Payroll increased

Salary cost 408.11m NOK → 19.31bn NOK (82% → 293% of revenue). Calculated