OCEAN GEOLOOP ASA: årsregnskap 2022 vs 2021
Shrank 83% on revenue, cash halved-plus
approved 2023-04-20; registry 2023-07-29; journal 2023 618882
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for OCEAN GEOLOOP ASA. Revenue 300.0k NOK → 50.0k NOK (-83.3%). Net result -51.80m NOK → -42.76m NOK. Equity 141.19m NOK → 260.5k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for OCEAN GEOLOOP ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -51.78m NOK → -42.75m NOK (op. margin -17258.7% → -85496.0%). Calculated
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↑
Net result improved
Net result -51.80m NOK → -42.76m NOK (net margin -17267.3% → -85524.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 300.0k NOK to 50.0k NOK (-83.3% YoY). Calculated
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↓
Equity eroded
Book equity 141.19m NOK → 260.5k NOK (equity ratio 92.9% → 92.7%). Calculated
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↓
Cash fell
Bank deposits 142.51m NOK → 174.2k NOK (-99.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 13.88× → 0.01× — 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 (142.51m NOK → 174.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 197.71m NOK → 347.9k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 57.02m NOK. Reported fact