GENERAL OCEANS ASA: årsregnskap 2024 vs 2023
Grew 16% on revenue, stronger earnings
approved 2025-04-30; registry 2025-07-31; journal 2025 695663
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for GENERAL OCEANS ASA. Revenue 20.98m NOK → 24.44m NOK (+16.5%). Net result +976.0k NOK → +39.18m NOK. Equity 7.47bn NOK → 7.46bn NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for GENERAL OCEANS ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 20.98m NOK to 24.44m NOK (+16.5% YoY). Calculated
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Net result improved
Net result +976.0k NOK → +39.18m NOK (net margin 4.7% → 160.3%). Calculated
What deteriorated
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Operating result weakened
Operating result +559.3k NOK → -379.0k NOK (op. margin 2.7% → -1.6%). Calculated
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↓
Equity eroded
Book equity 7.47bn NOK → 7.46bn NOK (equity ratio 1163.1% → 566.6%). Calculated
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↓
Cash fell
Bank deposits 32.10m NOK → 30.14m NOK (-6.1% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 6.08× → 0.02× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 515.68m NOK → 457.39m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 278.1k NOK → 371.1k NOK (1% → 2% of revenue). Calculated
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COGS moved
COGS / varekostnad 248.0k NOK → 319.8k NOK (+29.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 468.45m NOK → 468.61m NOK. Reported fact