EIDESVIK OFFSHORE ASA: årsregnskap 2022 vs 2021
Grew 7% on revenue, returned to profit, cash halved-plus
approved 2023-04-26; registry 2023-08-01; journal 2023 627698
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for EIDESVIK OFFSHORE ASA. Revenue 4.59m NOK → 4.92m NOK (+7.2%). Net result -6.51m NOK → +9.66m NOK. Equity 470.83m NOK → 480.5k NOK.
On the constructive side: revenue rose; turned profitable. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for EIDESVIK OFFSHORE ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.59m NOK to 4.92m NOK (+7.2% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 6.51m NOK to a profit of 9.66m NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -14.29m NOK → -17.54m NOK (op. margin -311.4% → -356.6%). Calculated
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↓
Equity eroded
Book equity 470.83m NOK → 480.5k NOK (equity ratio 72.9% → 58.9%). Calculated
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↓
Cash fell
Bank deposits 138.21m NOK → 437.0k NOK (-99.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 13610.04× → 0.18× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (138.21m NOK → 437.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 11.27m NOK → 11.30m NOK (246% → 230% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 498.6k NOK → 368.90m NOK. Reported fact