FirmaIQ
Org.nr 945 883 294 2017 → 2018 Year-over-year analysis

SOLSTAD OFFSHORE ASA: årsregnskap 2018 vs 2017

Grew 912% on revenue, weaker earnings, cash halved-plus

approved 2019-06-06; registry 2019-07-18; journal 2019 748237

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for SOLSTAD OFFSHORE ASA. Revenue 2.06m NOK → 20.89m NOK (+911.9%). Net result -345.02m NOK → -5.86bn NOK.

On the constructive side: revenue rose. Pressures included: net result weakened; cash fell.

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

At a glance

Scorecard

Revenue
2.06m NOK 20.89m NOK
+911.9%
Net result
-345.02m NOK -5.86bn NOK
-1597.9%
Equity
n/m 0 NOK
—
Cash
197.84m NOK 7.29m NOK
-96.3%
Total assets
6.09bn NOK 1.32bn NOK
-78.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.06m NOK to 20.89m NOK (+911.9% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result -345.02m NOK → -5.86bn NOK (net margin -16715.9% → -28049.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 197.84m NOK → 7.29m NOK (-96.3% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (197.84m NOK → 7.29m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Payroll increased

    Salary cost 7.18m NOK → 7.55m NOK (348% → 36% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 5.87bn NOK → 1.31bn NOK. Reported fact