SOLSTAD OFFSHORE ASA: årsregnskap 2017 vs 2016
Shrank 10% on revenue, stronger earnings, cash halved-plus
approved 2018-05-09; registry 2018-07-16; journal 2018 692362
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for SOLSTAD OFFSHORE ASA. Revenue 2.29m NOK → 2.06m NOK (-9.8%). Net result -826.51m NOK → -345.02m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for SOLSTAD OFFSHORE ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result -826.51m NOK → -345.02m NOK (net margin -36107.9% → -16715.9%). Calculated
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Payroll decreased
Salary cost 7.45m NOK → 7.18m NOK (326% → 348% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.29m NOK to 2.06m NOK (-9.8% YoY). Calculated
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Cash fell
Bank deposits 516.40m NOK → 197.84m NOK (-61.7% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (516.40m NOK → 197.84m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 11.91m NOK → 3.08m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 4.20bn NOK → 5.87bn NOK. Reported fact