NORSE ATLANTIC ASA: årsregnskap 2024 vs 2023
Stronger earnings, cash halved-plus
approved 2025-06-26; registry 2025-08-20; journal 2025 748815
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for NORSE ATLANTIC ASA. Revenue 33.09m NOK → 31.55m NOK (-4.7%). Net result -187.29m NOK → -67.83m NOK. Equity 56.38m NOK → 3.13m 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: thin equity buffer; sharp cash drawdown; 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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Operating result improved
Operating result -183.85m NOK → -64.83m NOK (op. margin -555.6% → -205.5%). Calculated
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Net result improved
Net result -187.29m NOK → -67.83m NOK (net margin -566.0% → -215.0%). Calculated
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Owners injected capital
Paid-in equity rose 261.0k NOK → 275.6k NOK (+14.6k NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 33.09m NOK to 31.55m NOK (-4.7% YoY). Calculated
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Equity eroded
Book equity 56.38m NOK → 3.13m NOK (equity ratio 5.5% → 0.3%). Calculated
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Cash fell
Bank deposits 34.42m NOK → 13.57m NOK (-60.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (34.42m NOK → 13.57m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 8 000 NOK → 14.0k NOK. Reported fact