Org.nr 927 002 264 2021 → 2022 Year-over-year analysis

GENERAL OCEANS ASA: årsregnskap 2022 vs 2021

Weaker earnings, fresh owner capital

approved 2023-05-03; registry 2023-07-31; journal 2023 625034

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for GENERAL OCEANS ASA. Revenue 0 NOK → 12.11m NOK. Net result +56.98m NOK → +375.0k NOK. Equity 225.35m NOK → 282.4k NOK.

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

Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for GENERAL OCEANS ASA.

Scorecard

Revenue
0 NOK 12.11m NOK
—
Operating result
-835.0k NOK +321.0k NOK
+138.4%
Net result
+56.98m NOK +375.0k NOK
-99.3%
Equity
225.35m NOK 282.4k NOK
-99.9%
Cash
3 719 NOK 6.43m NOK
+172822.8%
Total assets
265.73m NOK 485.2k NOK
-99.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 0 NOK to 12.11m NOK. Calculated

  • ↑

    Operating result improved

    Operating result -835.0k NOK → +321.0k NOK. Calculated

  • ↑

    Cash rose

    Bank deposits 3 719 NOK → 6.43m NOK (+172822.8% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 260 NOK → 330.7k NOK (+330.5k NOK). Reported fact

What deteriorated

  • ↓

    Net result weakened

    Net result +56.98m NOK → +375.0k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 225.35m NOK → 282.4k NOK (equity ratio 84.8% → 58.2%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 127.4k NOK → 405.0k NOK. Calculated

  • ·

    COGS fell

    COGS / varekostnad 101.23m NOK → 0 NOK (-100.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 187.7k NOK → 426.5k NOK. Reported fact