FirmaIQ
Org.nr 919 139 420 2021 → 2022 Year-over-year analysis

4SUBSEA ASTORI AS: årsregnskap 2022 vs 2021

Shrank 36% on revenue, weaker earnings

approved 2023-06-23; registry 2023-07-19; journal 2023 592099

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for 4SUBSEA ASTORI AS. Revenue 32.54m NOK → 20.82m NOK (-36.0%). Net result +4.61m NOK → +2.21m NOK. Equity 10.92m NOK → 13.13m NOK.

On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for 4SUBSEA ASTORI AS.

At a glance

Scorecard

Revenue
32.54m NOK 20.82m NOK
-36.0%
Operating result
+5.92m NOK +2.79m NOK
-52.9%
Net result
+4.61m NOK +2.21m NOK
-52.0%
Equity
10.92m NOK 13.13m NOK
+20.3%
Cash
9.39m NOK 9.84m NOK
+4.9%
Total assets
21.03m NOK 18.67m NOK
-11.2%

What improved

  • ↑

    Equity strengthened

    Book equity 10.92m NOK → 13.13m NOK (equity ratio 51.9% → 70.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 9.39m NOK → 9.84m NOK (+4.9% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 11.47m NOK → 10.13m NOK (35% → 49% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 32.54m NOK to 20.82m NOK (-36.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +5.92m NOK → +2.79m NOK (op. margin 18.2% → 13.4%). Calculated

  • ↓

    Net result weakened

    Net result +4.61m NOK → +2.21m NOK (net margin 14.2% → 10.6%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 12.82m NOK → 4.93m NOK (-61.5% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 9 → 8. Reported fact