SOLSTAD OFFSHORE ASA: årsregnskap 2020 vs 2019
Grew 453% on revenue, returned to profit, fresh owner capital
approved 2021-05-25; registry 2021-07-03; journal 2021 432806
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for SOLSTAD OFFSHORE ASA. Revenue 13.96m NOK → 77.17m NOK (+452.9%). Net result -3.13bn NOK → +821.99m NOK. Equity -744.09m NOK → 328.05m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased; 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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Revenue rose
Operating income / revenue moved from 13.96m NOK to 77.17m NOK (+452.9% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 3.13bn NOK to a profit of 821.99m NOK. Calculated
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↑
Equity strengthened
Book equity -744.09m NOK → 328.05m NOK (equity ratio -105.4% → 62.9%). Calculated
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Owners injected capital
Paid-in equity rose 3.08bn NOK → 11.25bn NOK (+8.17bn NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -24.42m NOK → -95.44m NOK (op. margin -175.0% → -123.7%). Calculated
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↓
Cash fell
Bank deposits 7.26m NOK → 6.56m NOK (-9.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 7.91m NOK → 10.05m NOK (57% → 13% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 648.52m NOK → 457.03m NOK. Reported fact