Otello Corporation ASA
ISIN: NO0010040611 | Ticker: OTEC | LEI: 391200EWTTF186UWWH07
Country: Norway
Otello is a collection of companies. It used to be known as an opera. Otello Corporation ASA is a holding company, listed at Oslo Stock Exchange (ticker; Otello), holding the assets of AdColony, Bemobi and Skyfire. Otello Corporation ASA was formerly known as Opera Software ASA and has over 20 years of history. Otello as a company and brand might be new, but it will not stand still, as we will develop and endure. It is a new journey and it represents a new era for the O building on our solid history. Going forward, the brand will grow with us and our subsidiaries. Otello is about creating new opportunites - and it will grow on you - just like the opera in four acts.
Year founded1995
Served areaEurope
HeadquartersP.O. Box 4214 Nydalen, 0401 Oslo – Norway
| Line item in (usd) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Assets | N/A | 425,300,000.00 | 365,000,000.00 | 109,800,000.00 |
| Noncurrent Assets | N/A | 286,600,000.00 | 92,200,000.00 | 89,900,000.00 |
| Property Plant And Equipment | N/A | 6,000,000.00 | 1,000,000.00 | 300,000.00 |
| Goodwill | N/A | 219,700,000.00 | N/A | N/A |
| Intangible Assets Other Than Goodwill | N/A | 12,800,000.00 | N/A | N/A |
| Deferred Tax Assets | N/A | 26,100,000.00 | N/A | N/A |
| Other Noncurrent Financial Assets | N/A | 18,700,000.00 | 90,300,000.00 | N/A |
| Noncurrent Investments In Equity Instruments Designated At Fair Value Through Other Comprehensive Income | N/A | N/A | 90,300,000.00 | 89,400,000.00 |
| Noncurrent Finance Lease Receivables | N/A | 0.00 | N/A | N/A |
| Other Noncurrent Assets | N/A | 300,000.00 | 600,000.00 | 0.00 |
| Current Assets | N/A | 138,700,000.00 | 272,800,000.00 | 19,900,000.00 |
| Current Trade Receivables | N/A | 89,500,000.00 | 100,000.00 | 100,000.00 |
| Other Current Receivables | N/A | 6,400,000.00 | 193,700,000.00 | 1,400,000.00 |
| Cash and cash equivalents | 28,300,000.00 | 41,900,000.00 | 79,000,000.00 | 18,400,000.00 |
| Current Finance Lease Receivables | N/A | 900,000.00 | N/A | N/A |
| Equity And Liabilities | N/A | 425,300,000.00 | 365,000,000.00 | 109,800,000.00 |
| Equity | 339,100,000.00 | 306,400,000.00 | 351,300,000.00 | 107,400,000.00 |
| Equity Attributable To Owners Of Parent | N/A | 306,800,000.00 | 351,300,000.00 | 107,400,000.00 |
| Noncontrolling Interests | N/A | -400,000.00 | N/A | N/A |
| Liabilities | N/A | 118,900,000.00 | 13,700,000.00 | 2,400,000.00 |
| Noncurrent Liabilities | N/A | 2,800,000.00 | 11,000,000.00 | 100,000.00 |
| Deferred Tax Liabilities | N/A | 0.00 | 10,200,000.00 | N/A |
| Other Noncurrent Liabilities | N/A | 1,600,000.00 | 600,000.00 | N/A |
| Current Liabilities | N/A | 116,100,000.00 | 2,700,000.00 | 2,300,000.00 |
| Trade And Other Current Payables To Trade Suppliers | N/A | 25,700,000.00 | 200,000.00 | 200,000.00 |
| Current Tax Liabilities Current | N/A | 2,000,000.00 | N/A | N/A |
| Other Current Liabilities | N/A | 48,600,000.00 | 2,400,000.00 | 2,100,000.00 |
| Current Borrowings And Current Portion Of Noncurrent Borrowings | N/A | 35,000,000.00 | N/A | N/A |
| Line item in (usd) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|
| Revenue | 100,000.00 | 100,000.00 | 200,000.00 |
| Employee Benefits Expense | 12,800,000.00 | 6,700,000.00 | 2,200,000.00 |
| Depreciation And Amortisation Expense | 1,000,000.00 | 800,000.00 | 700,000.00 |
| Other Expense By Nature | 1,700,000.00 | 1,900,000.00 | 1,400,000.00 |
| Profit Loss From Operating Activities | -15,600,000.00 | -69,100,000.00 | 2,600,000.00 |
| Impairment Loss Impairment Gain And Reversal Of Impairment Loss Determined In Accordance With I F R S9 | 500,000.00 | 59,900,000.00 | N/A |
| Profit Loss Before Tax | -20,400,000.00 | -58,700,000.00 | 17,900,000.00 |
| Income Tax Expense Continuing Operations | 3,500,000.00 | -7,500,000.00 | 2,200,000.00 |
| Profit Loss From Continuing Operations | -23,900,000.00 | -51,200,000.00 | 15,700,000.00 |
| Profit Loss From Discontinued Operations | 600,000.00 | 220,100,000.00 | 300,000.00 |
| Profit (loss) | -23,300,000.00 | 168,900,000.00 | 16,000,000.00 |
| Profit Loss Attributable To Owners Of Parent | -23,300,000.00 | 168,900,000.00 | 16,000,000.00 |
| Profit Loss Attributable To Noncontrolling Interests | 0.00 | 0.00 | N/A |
| Line item in (usd) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Profit (loss) | N/A | -23,300,000.00 | 168,900,000.00 | 16,000,000.00 |
| Adjustments For Increase Decrease In Trade Account Payable | N/A | 12,600,000.00 | -9,000,000.00 | 0.00 |
| Adjustments For Depreciation And Amortisation Expense | N/A | 23,400,000.00 | 7,000,000.00 | 700,000.00 |
| Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | N/A | N/A | 59,800,000.00 | -6,700,000.00 |
| Adjustments For Unrealised Foreign Exchange Losses Gains | N/A | 3,500,000.00 | 2,700,000.00 | -400,000.00 |
| Adjustments For Sharebased Payments | N/A | 9,500,000.00 | -14,100,000.00 | N/A |
| Adjustments For Undistributed Profits Of Associates | N/A | 0.00 | 3,000,000.00 | 4,100,000.00 |
| Other Adjustments For Noncash Items | N/A | -5,400,000.00 | -5,700,000.00 | 700,000.00 |
| Other Adjustments For Which Cash Effects Are Investing Or Financing Cash Flow | N/A | 200,000.00 | -215,700,000.00 | 400,000.00 |
| Income Taxes Paid Refund Classified As Operating Activities | N/A | -5,300,000.00 | 0.00 | 0.00 |
| Cash Flows From Used In Operating Activities | N/A | 19,100,000.00 | 4,800,000.00 | 8,800,000.00 |
| Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | N/A | 179,300,000.00 | 191,600,000.00 |
| Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 200,000.00 | N/A | N/A |
| Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities | N/A | 100,000.00 | 100,000.00 | 0.00 |
| Purchase Of Intangible Assets Classified As Investing Activities | N/A | 10,300,000.00 | 2,800,000.00 | N/A |
| Dividends Received Classified As Investing Activities | N/A | 0.00 | 30,800,000.00 | 1,400,000.00 |
| Income Taxes Paid Refund Classified As Investing Activities | N/A | N/A | 0.00 | 13,900,000.00 |
| Cash Flows From Used In Investing Activities | N/A | -12,400,000.00 | 207,100,000.00 | 179,100,000.00 |
| Payments From Changes In Ownership Interests In Subsidiaries | N/A | 400,000.00 | 132,600,000.00 | N/A |
| Payments To Acquire Or Redeem Entitys Shares | N/A | N/A | 132,600,000.00 | 31,200,000.00 |
| Payments Of Other Equity Instruments | N/A | 0.00 | 100,000.00 | N/A |
| Proceeds From Borrowings Classified As Financing Activities | N/A | 15,000,000.00 | 0.00 | N/A |
| Repayments Of Borrowings Classified As Financing Activities | N/A | 1,300,000.00 | 35,500,000.00 | N/A |
| Payments Of Lease Liabilities Classified As Financing Activities | N/A | 2,800,000.00 | 1,500,000.00 | 100,000.00 |
| Dividends Paid Classified As Financing Activities | N/A | N/A | N/A | 196,800,000.00 |
| Cash Flows From Used In Financing Activities | N/A | 10,500,000.00 | -169,700,000.00 | -228,100,000.00 |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | N/A | -3,600,000.00 | -5,100,000.00 | -20,400,000.00 |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | N/A | 17,200,000.00 | 42,200,000.00 | -40,200,000.00 |
| Cash and cash equivalents | 28,300,000.00 | 41,900,000.00 | 79,000,000.00 | 18,400,000.00 |
Please note that some sums might not add up.
NO0010040611
LEI391200EWTTF186UWWH07
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