4 SEAS AS: årsregnskap 2023 vs 2022
Weaker earnings, cash halved-plus
approved 2024-05-10; registry 2024-06-03; journal 2024 412936
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 4 SEAS AS. Net result -647.3k NOK → -1.45m NOK. Equity -2.55m NOK → -3.99m NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4 SEAS AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -329.0k NOK → -918.1k NOK. Calculated
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↓
Net result weakened
Net result -647.3k NOK → -1.45m NOK. Calculated
-
↓
Equity eroded
Book equity -2.55m NOK → -3.99m NOK (equity ratio -35.9% → -61.3%). Calculated
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↓
Cash fell
Bank deposits 91.0k NOK → 18.4k NOK (-79.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -61.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation