Org.nr 928 949 583 2022 → 2023 Year-over-year analysis

2020 BULKERS SYDNEY AS: årsregnskap 2023 vs 2022

Grew 134461% on revenue, stronger earnings, fresh owner capital

approved 2024-06-26; registry 2024-07-25; journal 2024 673958

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for 2020 BULKERS SYDNEY AS. Revenue 61.2k NOK → 82.30m NOK (+134461.2%). Net result +1.86m NOK → +20.71m NOK. Equity 112.47m NOK → 49.73m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.

Net constructive year on the published lines.

Scorecard

Revenue
61.2k NOK 82.30m NOK
+134461.2%
Operating result
+33.7k NOK +39.77m NOK
+117841.3%
Net result
+1.86m NOK +20.71m NOK
+1012.4%
Equity
112.47m NOK 49.73m NOK
-55.8%
Cash
12.7k NOK 27.70m NOK
+217605.3%
Total assets
415.39m NOK 410.45m NOK
-1.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 61.2k NOK to 82.30m NOK (+134461.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +33.7k NOK → +39.77m NOK (op. margin 55.1% → 48.3%). Calculated

  • ↑

    Net result improved

    Net result +1.86m NOK → +20.71m NOK (net margin 3044.4% → 25.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 12.7k NOK → 27.70m NOK (+217605.3% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 256.4k NOK → 181.38m NOK (+181.12m NOK). Reported fact

What deteriorated

  • ↓

    Equity eroded

    Book equity 112.47m NOK → 49.73m NOK (equity ratio 27.1% → 12.1%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 347.46× → 0.28× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated