ELEVATE OCEAN AS: årsregnskap 2023 vs 2022
Shrank 23% on revenue, weaker earnings
approved 2024-06-05; registry 2024-07-20; journal 2024 657706
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ELEVATE OCEAN AS. Revenue 597.7k NOK → 459.4k NOK (-23.1%). Net result -478.3k NOK → -665.7k NOK. Equity 611.1k NOK → 196.2k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ELEVATE OCEAN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.53m NOK → 2.80m NOK (590% → 609% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 597.7k NOK to 459.4k NOK (-23.1% YoY). Calculated
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↓
Operating result weakened
Operating result -476.9k NOK → -664.5k NOK (op. margin -79.8% → -144.6%). Calculated
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↓
Net result weakened
Net result -478.3k NOK → -665.7k NOK (net margin -80.0% → -144.9%). Calculated
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↓
Equity eroded
Book equity 611.1k NOK → 196.2k NOK (equity ratio 81.1% → 62.1%). Calculated
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↓
Cash fell
Bank deposits 709.6k NOK → 551.2k NOK (-22.3% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 953.5k NOK → 204.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 7 574 NOK → -229 NOK (-103.0% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 3 → 2. Reported fact