Org.nr 913 011 384 2021 → 2022 Year-over-year analysis

GOLDEN ENERGY OFFSHORE SERVICES ASA: årsregnskap 2022 vs 2021

Grew 98% on revenue, returned to profit

approved 2023-06-16; registry 2023-07-04; journal 2023 563161

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for GOLDEN ENERGY OFFSHORE SERVICES ASA. Revenue 71.19m NOK → 141.05m NOK (+98.1%). Net result -67.22m NOK → +10.50m NOK. Equity 73.03m NOK → 172.28m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for GOLDEN ENERGY OFFSHORE SERVICES ASA.

Scorecard

Revenue
71.19m NOK 141.05m NOK
+98.1%
Operating result
-71.43m NOK -25.30m NOK
+64.6%
Net result
-67.22m NOK +10.50m NOK
+115.6%
Equity
73.03m NOK 172.28m NOK
+135.9%
Cash
20.0k NOK 188.4k NOK
+843.5%
Total assets
155.95m NOK 452.25m NOK
+190.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 71.19m NOK to 141.05m NOK (+98.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -71.43m NOK → -25.30m NOK (op. margin -100.3% → -17.9%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 67.22m NOK to a profit of 10.50m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 73.03m NOK → 172.28m NOK (equity ratio 46.8% → 38.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 20.0k NOK → 188.4k NOK (+843.5% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 78.60m NOK → 116.81m NOK (+48.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 57.04m NOK → 108.55m NOK. Reported fact