FirmaIQ
Org.nr 914 428 246 2022 → 2023 Year-over-year analysis

ADRIATIC TANKERS AS: årsregnskap 2023 vs 2022

Grew 13% on revenue, cash halved-plus

approved 2024-02-15; registry 2024-08-02; journal 2024 698270

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADRIATIC TANKERS AS. Revenue 11.11m NOK → 12.52m NOK (+12.7%). Net result +39.8k NOK → +49.1k NOK. Equity 153.8k NOK → 203.0k NOK.

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

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADRIATIC TANKERS AS.

At a glance

Scorecard

Revenue
11.11m NOK 12.52m NOK
+12.7%
Operating result
+5.85m NOK +7.02m NOK
+20.0%
Net result
+39.8k NOK +49.1k NOK
+23.4%
Equity
153.8k NOK 203.0k NOK
+31.9%
Cash
1.41m NOK 1 640 NOK
-99.9%
Total assets
40.92m NOK 36.77m NOK
-10.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 11.11m NOK to 12.52m NOK (+12.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +5.85m NOK → +7.02m NOK (op. margin 52.6% → 56.0%). Calculated

  • ↑

    Net result improved

    Net result +39.8k NOK → +49.1k NOK (net margin 0.4% → 0.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 153.8k NOK → 203.0k NOK (equity ratio 0.4% → 0.6%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 1.41m NOK → 1 640 NOK (-99.9% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.41m NOK → 1 640 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation