ADMIRAL ENERGY AS: årsregnskap 2023 vs 2022
Stronger earnings
approved 2024-05-28; registry 2024-06-01; journal 2024 469341
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADMIRAL ENERGY AS. Revenue 984.1k NOK → 951.6k NOK (-3.3%). Net result +144.0k NOK → +541.3k NOK. Equity 78.3k NOK → 584.7k NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADMIRAL ENERGY AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +144.0k NOK → +541.3k NOK (net margin 14.6% → 56.9%). Calculated
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Equity strengthened
Book equity 78.3k NOK → 584.7k NOK (equity ratio 40.3% → 99.5%). Calculated
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Cash rose
Bank deposits 95.0k NOK → 240.2k NOK (+152.9% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 984.1k NOK to 951.6k NOK (-3.3% YoY). Calculated
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Operating result weakened
Operating result +145.1k NOK → -111.0k NOK (op. margin 14.7% → -11.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 692.9k NOK → 2.87m NOK (70% → 302% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 0 NOK → 31.9k NOK. Reported fact