2020 BULKERS SANTOS AS: årsregnskap 2024 vs 2023
Grew 17% on revenue, cash halved-plus
approved 2025-05-28; registry 2025-06-18; journal 2025 532389
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 2020 BULKERS SANTOS AS. Revenue 97.52m NOK → 114.11m NOK (+17.0%). Net result +34.99m NOK → +34.92m NOK. Equity 55.60m NOK → 44.35m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for 2020 BULKERS SANTOS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 97.52m NOK to 114.11m NOK (+17.0% YoY). Calculated
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↑
Operating result improved
Operating result +55.58m NOK → +71.49m NOK (op. margin 57.0% → 62.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 55.60m NOK → 44.35m NOK (equity ratio 12903.5% → 11.5%). Calculated
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↓
Cash fell
Bank deposits 41.79m NOK → 13.94m NOK (-66.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (41.79m NOK → 13.94m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 160.13m NOK → 119.13m NOK — check capital reduction, conversion, or reclassification. Interpretation