4SUBSEA AS: årsregnskap 2022 vs 2021
Grew 22% on revenue, weaker earnings
approved 2023-06-26; registry 2023-08-16; journal 2023 690585
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 4SUBSEA AS. Revenue 171.20m NOK → 209.29m NOK (+22.2%). Net result +9.89m NOK → +7.11m NOK. Equity 91.23m NOK → 98.34m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 4SUBSEA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 171.20m NOK to 209.29m NOK (+22.2% YoY). Calculated
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↑
Equity strengthened
Book equity 91.23m NOK → 98.34m NOK (equity ratio 66.0% → 64.7%). Calculated
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↑
Cash rose
Bank deposits 22.44m NOK → 27.02m NOK (+20.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +12.03m NOK → +7.00m NOK (op. margin 7.0% → 3.3%). Calculated
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↓
Net result weakened
Net result +9.89m NOK → +7.11m NOK (net margin 5.8% → 3.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 81.92m NOK → 5.10bn NOK (48% → 2437% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 31.41m NOK → 42.78m NOK (+36.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 26.13m NOK → 25.83m NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 77 → 94. Reported fact