FirmaIQ
Org.nr 989 030 175 2021 → 2022 Year-over-year analysis

ABACO SHIPPING AS: årsregnskap 2022 vs 2021

Grew 5766% on revenue, weaker earnings, cash halved-plus

approved 2023-06-12; registry 2023-07-06; journal 2023 555475

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ABACO SHIPPING AS. Revenue 14.6k NOK → 853.5k NOK (+5765.7%). Net result +11.41m NOK → +6.26m NOK. Equity 21.06m NOK → 21.32m NOK.

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

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABACO SHIPPING AS.

At a glance

Scorecard

Revenue
14.6k NOK 853.5k NOK
+5765.7%
Operating result
+11.74m NOK +271.2k NOK
-97.7%
Net result
+11.41m NOK +6.26m NOK
-45.1%
Equity
21.06m NOK 21.32m NOK
+1.2%
Cash
638.7k NOK 15.8k NOK
-97.5%
Total assets
30.22m NOK 25.22m NOK
-16.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 14.6k NOK to 853.5k NOK (+5765.7% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 21.06m NOK → 21.32m NOK (equity ratio 69.7% → 84.6%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +11.74m NOK → +271.2k NOK (op. margin 80716.7% → 31.8%). Calculated

  • ↓

    Net result weakened

    Net result +11.41m NOK → +6.26m NOK (net margin 78386.4% → 733.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 638.7k NOK → 15.8k NOK (-97.5% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 29.58m NOK → 25.20m NOK. Reported fact