NORTH ENERGY ASA: årsregnskap 2023 vs 2022
Shrank 36% on revenue, slipped into loss
approved 2024-04-10; registry 2024-05-29; journal 2024 391995
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for NORTH ENERGY ASA. Revenue 113.0k NOK → 72.0k NOK (-36.3%). Net result +75.30m NOK → -16.14m NOK. Equity 396.6k NOK → 368.74m NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORTH ENERGY ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 396.6k NOK → 368.74m NOK (equity ratio 95.4% → 94.6%). Calculated
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↑
Cash rose
Bank deposits 3.06m NOK → 5.72m NOK (+87.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.03× → 7.01×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 113.0k NOK to 72.0k NOK (-36.3% YoY). Calculated
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↓
Operating result weakened
Operating result -14.91m NOK → -18.59m NOK (op. margin -13193.8% → -25819.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 75.30m NOK profit to a loss of 16.14m NOK. Calculated
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↓
Payroll up without matching revenue
Salary cost 9.25m NOK → 14.08m NOK (8188% → 19553% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 996.71m NOK → 984.98m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 4.46m NOK → 260.77m NOK. Reported fact