INTEROIL EXPLORATION AND PRODUCTION ASA: årsregnskap 2023 vs 2022
Grew 57529% on revenue, cash halved-plus
approved 2024-05-08; registry 2024-08-20; journal 2024 725661
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for INTEROIL EXPLORATION AND PRODUCTION ASA. Revenue 852 NOK → 491.0k NOK (+57529.1%). Net result -962.0k NOK → -818.0k NOK. Equity 4.86m NOK → 4.56m NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for INTEROIL EXPLORATION AND PRODUCTION ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 852 NOK to 491.0k NOK (+57529.1% YoY). Calculated
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Net result improved
Net result -962.0k NOK → -818.0k NOK (net margin -112910.8% → -166.6%). Calculated
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Payroll decreased
Salary cost 103.0k NOK → 61.0k NOK (12089% → 12% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +160.0k NOK → -29.0k NOK (op. margin 18779.3% → -5.9%). Calculated
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↓
Equity eroded
Book equity 4.86m NOK → 4.56m NOK (equity ratio 15.8% → 14.0%). Calculated
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↓
Cash fell
Bank deposits 2.29m NOK → 143.0k NOK (-93.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.37× → 0.28× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.29m NOK → 143.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 6.63m NOK → 8.00m NOK (+20.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 27.77m NOK → 30.09m NOK. Reported fact