FirmaIQ
Org.nr 945 883 294 2013 → 2014 Year-over-year analysis

SOLSTAD OFFSHORE ASA: årsregnskap 2014 vs 2013

Grew 107186% on revenue, weaker earnings

approved 2015-05-18; registry 2015-06-20; journal 2015 488795

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for SOLSTAD OFFSHORE ASA. Revenue 1 949 NOK → 2.09m NOK (+107185.8%). Net result +490.99m NOK → +151.65m NOK. Equity 3.08bn NOK → 3.15bn NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for SOLSTAD OFFSHORE ASA.

At a glance

Scorecard

Revenue
1 949 NOK 2.09m NOK
+107185.8%
Net result
+490.99m NOK +151.65m NOK
-69.1%
Equity
3.08bn NOK 3.15bn NOK
+2.5%
Cash
61.92m NOK 31.59m NOK
-49.0%
Total assets
4.87bn NOK 5.15bn NOK
+5.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 949 NOK to 2.09m NOK (+107185.8% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 3.08bn NOK → 3.15bn NOK (equity ratio 63.2% → 61.2%). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +490.99m NOK → +151.65m NOK (net margin 25191893.3% → 7252.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 61.92m NOK → 31.59m NOK (-49.0% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 6.07× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 12.3k NOK → 5.04bn NOK. Reported fact