GRIEG SEAFOOD ASA: årsregnskap 2023 vs 2022
Shrank 10% on revenue, stronger earnings, cash halved-plus
approved 2024-03-21; registry 2024-08-19; journal 2024 719581
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for GRIEG SEAFOOD ASA. Revenue 288.01m NOK → 258.14m NOK (-10.4%). Net result +794.1k NOK → +159.11m NOK. Equity 3.01bn NOK → 2.98bn NOK.
On the constructive side: operating result improved; net result improved; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for GRIEG SEAFOOD ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -36.87m NOK → +84.95m NOK (op. margin -12.8% → 32.9%). Calculated
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Net result improved
Net result +794.1k NOK → +159.11m NOK (net margin 0.3% → 61.6%). Calculated
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Owners injected capital
Paid-in equity rose 675.9k NOK → 677.1k NOK (+1 268 NOK). Reported fact
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Payroll decreased
Salary cost 14.12bn NOK → 14 NOK (4902% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 288.01m NOK to 258.14m NOK (-10.4% YoY). Calculated
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Equity eroded
Book equity 3.01bn NOK → 2.98bn NOK (equity ratio 41.9% → 39.3%). Calculated
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Cash fell
Bank deposits 524.82m NOK → 27.19m NOK (-94.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (524.82m NOK → 27.19m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation