OLYMPIC SUBSEA ASA: årsregnskap 2022 vs 2021
Grew 21% on revenue, stronger earnings
approved 2023-06-30; registry 2023-07-24; journal 2023 601835
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for OLYMPIC SUBSEA ASA. Revenue 551.86m NOK → 665.28m NOK (+20.6%). Net result -53.29m NOK → -2.86m NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for OLYMPIC SUBSEA ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 551.86m NOK to 665.28m NOK (+20.6% YoY). Calculated
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Net result improved
Net result -53.29m NOK → -2.86m NOK (net margin -9.7% → -0.4%). Calculated
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Cash rose
Bank deposits 19.80m NOK → 72.84m NOK (+267.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -3.27m NOK → -3.48m NOK (op. margin -0.6% → -0.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.55× → 0.55× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 73.40m NOK → 33.50m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 125.0k NOK → 141.7k NOK. Reported fact