68 GRADER ARCTIC SERVICE AS: årsregnskap 2024 vs 2023
Shrank 8% on revenue
approved 2025-05-07; registry 2025-05-28; journal 2025 481935
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 68 GRADER ARCTIC SERVICE AS. Revenue 2.47m NOK → 2.27m NOK (-8.3%). Net result -169.9k NOK → -148.3k NOK. Equity -339.5k NOK → -487.8k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 68 GRADER ARCTIC SERVICE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -163.7k NOK → -141.8k NOK (op. margin -6.6% → -6.2%). Calculated
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Net result improved
Net result -169.9k NOK → -148.3k NOK (net margin -6.9% → -6.5%). Calculated
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Payroll decreased
Salary cost 1.58m NOK → 725.7k NOK (64% → 32% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.47m NOK to 2.27m NOK (-8.3% YoY). Calculated
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↓
Equity eroded
Book equity -339.5k NOK → -487.8k NOK (equity ratio -24.3% → -35.0%). Calculated
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↓
Cash fell
Bank deposits 185.6k NOK → 179.8k NOK (-3.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -35.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 823.8k NOK → 602.2k NOK (-26.9% YoY). Calculated