GOLDEN ENERGY OFFSHORE SERVICES ASA: årsregnskap 2021 vs 2020
Grew 42978% on revenue, stronger earnings, cash halved-plus
approved 2022-05-30; registry 2022-09-03; journal 2022 910977
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for GOLDEN ENERGY OFFSHORE SERVICES ASA. Revenue 165.3k NOK → 71.19m NOK (+42978.0%). Net result -165.19m NOK → -67.22m NOK. Equity 140.25m NOK → 73.03m NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for GOLDEN ENERGY OFFSHORE SERVICES ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 165.3k NOK to 71.19m NOK (+42978.0% YoY). Calculated
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↑
Net result improved
Net result -165.19m NOK → -67.22m NOK (net margin -99958.3% → -94.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -10.29m NOK → -71.43m NOK (op. margin -6229.7% → -100.3%). Calculated
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↓
Equity eroded
Book equity 140.25m NOK → 73.03m NOK (equity ratio 97.7% → 46.8%). Calculated
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↓
Cash fell
Bank deposits 57.5k NOK → 20.0k NOK (-65.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 80.66m NOK → 78.60m NOK (-2.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 66.85m NOK → 57.04m NOK. Reported fact