Org.nr 986 942 785 2022 → 2023 Year-over-year analysis

EIDESVIK OFFSHORE ASA: årsregnskap 2023 vs 2022

Grew 15603% on revenue, stronger earnings

approved 2024-04-23; registry 2024-06-27; journal 2024 521559

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for EIDESVIK OFFSHORE ASA. Revenue 4.92m NOK → 772.36m NOK (+15603.0%). Net result +9.66m NOK → +204.97m NOK. Equity 480.5k NOK → 791.5k NOK.

On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.

Also worth watching: paid-in equity reduced; payroll increased; book investments changed. All figures are taken from the published annual accounts for EIDESVIK OFFSHORE ASA.

Scorecard

Revenue
4.92m NOK 772.36m NOK
+15603.0%
Operating result
-17.54m NOK -18.96m NOK
-8.1%
Net result
+9.66m NOK +204.97m NOK
+2021.6%
Equity
480.5k NOK 791.5k NOK
+64.7%
Cash
437.0k NOK 28.50m NOK
+6421.3%
Total assets
815.3k NOK 1.02m NOK
+25.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.92m NOK to 772.36m NOK (+15603.0% YoY). Calculated

  • ↑

    Net result improved

    Net result +9.66m NOK → +204.97m NOK (net margin 196.4% → 26.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 480.5k NOK → 791.5k NOK (equity ratio 58.9% → 77.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 437.0k NOK → 28.50m NOK (+6421.3% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -17.54m NOK → -18.96m NOK (op. margin -356.6% → -2.5%). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 180.93m NOK → 305.3k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Payroll increased

    Salary cost 11.30m NOK → 11.32m NOK (230% → 1% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 368.90m NOK → 983.2k NOK. Reported fact