AET SEA SHUTTLE AS: årsregnskap 2024 vs 2023
Grew 11% on revenue, stronger earnings
approved 2025-06-17; registry 2025-08-04; journal 2025 705370
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for AET SEA SHUTTLE AS. Revenue 34.77m NOK → 38.70m NOK (+11.3%). Net result +7 000 NOK → +6.37m NOK. Equity 127.96m NOK → 134.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AET SEA SHUTTLE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 34.77m NOK to 38.70m NOK (+11.3% YoY). Calculated
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Operating result improved
Operating result +5.82m NOK → +8.57m NOK (op. margin 16.7% → 22.2%). Calculated
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Net result improved
Net result +7 000 NOK → +6.37m NOK (net margin 0.0% → 16.5%). Calculated
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Cash rose
Bank deposits 10.43m NOK → 17.00m NOK (+63.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 127.96m NOK → 134.0k NOK (equity ratio 69.8% → 0.1%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 497.0k NOK → 264.0k NOK. Reported fact