FirmaIQ
Org.nr 916 677 391 2021 → 2022 Year-over-year analysis

2 MARINE AS: årsregnskap 2022 vs 2021

Grew 19% on revenue, stronger earnings, cash halved-plus

approved 2023-07-13; registry 2023-08-07; journal 2023 652775

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for 2 MARINE AS. Revenue 22.69m NOK → 26.89m NOK (+18.5%). Net result +2.03m NOK → +3.37m NOK.

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

Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for 2 MARINE AS.

At a glance

Scorecard

Revenue
22.69m NOK 26.89m NOK
+18.5%
Operating result
+3.32m NOK +3.71m NOK
+11.7%
Net result
+2.03m NOK +3.37m NOK
+65.7%
Equity
n/m 10.50m NOK
—
Cash
2.55m NOK 545.2k NOK
-78.6%
Total assets
32.25m NOK 33.83m NOK
+4.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 22.69m NOK to 26.89m NOK (+18.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +3.32m NOK → +3.71m NOK (op. margin 14.6% → 13.8%). Calculated

  • ↑

    Net result improved

    Net result +2.03m NOK → +3.37m NOK (net margin 9.0% → 12.5%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.80× → 1.11×. Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 2.55m NOK → 545.2k NOK (-78.6% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (2.55m NOK → 545.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 17.0k NOK → 2.89m NOK (+16950.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 9 215 NOK → 430.4k NOK. Reported fact