AK. GRIEG NORGE AS: årsregnskap 2023 vs 2022
Shrank 66% on revenue, weaker earnings
approved 2024-06-27; registry 2024-07-01; journal 2024 573710
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AK. GRIEG NORGE AS. Revenue 46.6k NOK → 15.7k NOK (-66.2%). Net result -24.5k NOK → -52.8k NOK. Equity -78.5k NOK → -168.1k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AK. GRIEG NORGE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 46.6k NOK to 15.7k NOK (-66.2% YoY). Calculated
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Operating result weakened
Operating result -25.2k NOK → -53.8k NOK (op. margin -54.1% → -341.6%). Calculated
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↓
Net result weakened
Net result -24.5k NOK → -52.8k NOK (net margin -52.7% → -335.0%). Calculated
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↓
Equity eroded
Book equity -78.5k NOK → -168.1k NOK (equity ratio -52.0% → -148.1%). Calculated
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↓
Cash fell
Bank deposits 122.2k NOK → 90.9k NOK (-25.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -148.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation