2020 BULKERS SANTIAGO AS: årsregnskap 2024 vs 2023
Grew 31% on revenue, stronger earnings
approved 2025-05-28; registry 2025-06-18; journal 2025 532355
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 2020 BULKERS SANTIAGO AS. Revenue 87.81m NOK → 115.03m NOK (+31.0%). Net result +23.74m NOK → +35.26m NOK. Equity 51.44m NOK → 40.20m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for 2020 BULKERS SANTIAGO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 87.81m NOK to 115.03m NOK (+31.0% YoY). Calculated
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Operating result improved
Operating result +42.87m NOK → +69.84m NOK (op. margin 48.8% → 60.7%). Calculated
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Net result improved
Net result +23.74m NOK → +35.26m NOK (net margin 27.0% → 30.7%). Calculated
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Current ratio back above 1×
Current ratio 0.26× → 113.79×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 51.44m NOK → 40.20m NOK (equity ratio 12.4% → 10.3%). Calculated
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↓
Cash fell
Bank deposits 26.69m NOK → 14.16m NOK (-46.9% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 165.37m NOK → 124.37m NOK — check capital reduction, conversion, or reclassification. Interpretation