Org.nr 917 772 533 2020 → 2021 Year-over-year analysis

OLYMPIC SUBSEA ASA: årsregnskap 2021 vs 2020

Stronger earnings, cash halved-plus

approved 2022-06-30; registry 2022-07-14; journal 2022 635823

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for OLYMPIC SUBSEA ASA. Revenue 562.92m NOK → 551.86m NOK (-2.0%). Net result -388.92m NOK → -53.29m NOK.

On the constructive side: net result improved; owners injected capital. Pressures included: revenue fell; operating result weakened; cash fell.

Mixed year — gains and pressures both show up.

At a glance

Revenue

562.92m NOK 551.86m NOK

-2.0%

Operating result

-2.90m NOK -3.27m NOK

-12.8%

Net result

-388.92m NOK -53.29m NOK

+86.3%

Equity

-271.02m NOK n/m

—

Cash

44.48m NOK 19.80m NOK

-55.5%

Total assets

2.60bn NOK 210.95m NOK

-91.9%

↑
Net result improved

Net result -388.92m NOK → -53.29m NOK (net margin -69.1% → -9.7%). Calculated
↑
Owners injected capital

Paid-in equity rose 64.00m NOK → 73.40m NOK (+9.40m NOK). Reported fact

↓
Revenue fell

Operating income / revenue moved from 562.92m NOK to 551.86m NOK (-2.0% YoY). Calculated
↓
Operating result weakened

Operating result -2.90m NOK → -3.27m NOK (op. margin -0.5% → -0.6%). Calculated
↓
Cash fell

Bank deposits 44.48m NOK → 19.80m NOK (-55.5% YoY). Calculated