Org.nr 915 495 044 2022 → 2023 Year-over-year analysis

ABYSS SHIP MANAGEMENT AS: årsregnskap 2023 vs 2022

Grew 74% on revenue, stronger earnings, cash halved-plus

approved 2024-06-27; registry 2024-07-17; journal 2024 637849

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ABYSS SHIP MANAGEMENT AS. Revenue 18.11m NOK → 31.54m NOK (+74.1%). Net result +429.1k NOK → +631.0k NOK. Equity 2.16m NOK → 2.16m NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ABYSS SHIP MANAGEMENT AS.

Scorecard

Revenue
18.11m NOK 31.54m NOK
+74.1%
Operating result
+526.5k NOK +693.6k NOK
+31.8%
Net result
+429.1k NOK +631.0k NOK
+47.0%
Equity
2.16m NOK 2.16m NOK
0.0%
Cash
781.1k NOK 175.8k NOK
-77.5%
Total assets
5.76m NOK 9.57m NOK
+66.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 18.11m NOK to 31.54m NOK (+74.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +526.5k NOK → +693.6k NOK (op. margin 2.9% → 2.2%). Calculated

  • ↑

    Net result improved

    Net result +429.1k NOK → +631.0k NOK (net margin 2.4% → 2.0%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 781.1k NOK → 175.8k NOK (-77.5% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 15.90m NOK → 26.60m NOK (88% → 84% of revenue). Calculated