HAVILA SHIPPING ASA: årsregnskap 2022 vs 2021
Shrank 100% on revenue, returned to profit
approved 2023-04-27; registry 2023-08-02; journal 2023 637695
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for HAVILA SHIPPING ASA. Revenue 322.55m NOK → 341.7k NOK (-99.9%). Net result -407.49m NOK → +293.17m NOK. Equity -690.34m NOK → -396.59m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for HAVILA SHIPPING ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +2.09m NOK → +29.54m NOK (op. margin 0.6% → 8645.5%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 407.49m NOK to a profit of 293.17m NOK. Calculated
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↑
Equity strengthened
Book equity -690.34m NOK → -396.59m NOK (equity ratio -198.8% → -83397.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 322.55m NOK to 341.7k NOK (-99.9% YoY). Calculated
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↓
Cash fell
Bank deposits 32.22m NOK → 30.61m NOK (-5.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -83397.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation