GOLDEN ENERGY OFFSHORE SERVICES ASA: årsregnskap 2023 vs 2022
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2024-05-16; registry 2024-06-22; journal 2024 497133
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for GOLDEN ENERGY OFFSHORE SERVICES ASA. Revenue 141.05m NOK → 280.8k NOK (-99.8%). Net result +10.50m NOK → -8.53m NOK. Equity 172.28m NOK → 558.7k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: paid-in equity reduced; 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 deteriorated
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Revenue fell
Operating income / revenue moved from 141.05m NOK to 280.8k NOK (-99.8% YoY). Calculated
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Operating result weakened
Operating result -25.30m NOK → -26.44m NOK (op. margin -17.9% → -9415.3%). Calculated
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Fell into a net loss
Net result flipped from 10.50m NOK profit to a loss of 8.53m NOK. Calculated
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Equity eroded
Book equity 172.28m NOK → 558.7k NOK (equity ratio 38.1% → 87.6%). Calculated
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Cash fell
Bank deposits 188.4k NOK → 702 NOK (-99.6% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 252.26m NOK → 700.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 116.81m NOK → 1.15m NOK (-99.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 108.55m NOK → 16.0k NOK. Reported fact