FirmaIQ
Org.nr 915 495 044 2021 → 2022 Year-over-year analysis

ABYSS SHIP MANAGEMENT AS: årsregnskap 2022 vs 2021

Grew 52% on revenue, weaker earnings, cash halved-plus

approved 2023-06-29; registry 2023-07-17; journal 2023 585361

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ABYSS SHIP MANAGEMENT AS. Revenue 11.93m NOK → 18.11m NOK (+51.8%). Net result +733.7k NOK → +429.1k NOK. Equity 2.16m NOK → 2.16m NOK.

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

Also worth watching: sharp cash drawdown; payroll increased; headcount (årsverk) changed. All figures are taken from the published annual accounts for ABYSS SHIP MANAGEMENT AS.

At a glance

Scorecard

Revenue
11.93m NOK 18.11m NOK
+51.8%
Operating result
+935.0k NOK +526.5k NOK
-43.7%
Net result
+733.7k NOK +429.1k NOK
-41.5%
Equity
2.16m NOK 2.16m NOK
+0.0%
Cash
2.41m NOK 781.1k NOK
-67.6%
Total assets
4.84m NOK 5.76m NOK
+19.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 11.93m NOK to 18.11m NOK (+51.8% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +935.0k NOK → +526.5k NOK (op. margin 7.8% → 2.9%). Calculated

  • ↓

    Net result weakened

    Net result +733.7k NOK → +429.1k NOK (net margin 6.2% → 2.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.41m NOK → 781.1k NOK (-67.6% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (2.41m NOK → 781.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Payroll increased

    Salary cost 10.56m NOK → 15.90m NOK (88% → 88% of revenue). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 31 → 24. Reported fact