NORSE ATLANTIC ASA: årsregnskap 2023 vs 2022
Grew 229724% on revenue, weaker earnings, fresh owner capital
approved 2024-04-11; registry 2024-08-19; journal 2024 708738
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for NORSE ATLANTIC ASA. Revenue 14.4k NOK → 33.09m NOK (+229723.6%). Net result -16.94m NOK → -187.29m NOK. Equity 175.2k NOK → 56.38m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for NORSE ATLANTIC ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.4k NOK to 33.09m NOK (+229723.6% YoY). Calculated
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↑
Equity strengthened
Book equity 175.2k NOK → 56.38m NOK (equity ratio 15.0% → 5.5%). Calculated
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↑
Cash rose
Bank deposits 29.76m NOK → 34.42m NOK (+15.7% YoY). Calculated
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Owners injected capital
Paid-in equity rose 192.5k NOK → 261.0k NOK (+68.5k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -12.14m NOK → -183.85m NOK (op. margin -84338.1% → -555.6%). Calculated
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↓
Net result weakened
Net result -16.94m NOK → -187.29m NOK (net margin -117676.1% → -566.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.11× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 60.38m NOK → 8 000 NOK. Reported fact