PANORO ENERGY ASA: årsregnskap 2023 vs 2022
Grew 21% on revenue, returned to profit, cash halved-plus
approved 2024-04-30; registry 2024-08-15; journal 2024 687572
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for PANORO ENERGY ASA. Revenue 188.6k NOK → 227.5k NOK (+20.6%). Net result -23.28m NOK → +6.77m NOK. Equity 207.25m NOK → 212.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for PANORO ENERGY ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 188.6k NOK to 227.5k NOK (+20.6% YoY). Calculated
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Operating result improved
Operating result -7.19m NOK → +6.12m NOK (op. margin -3809.7% → 2690.4%). Calculated
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Turned profitable
Net result flipped from a loss of 23.28m NOK to a profit of 6.77m NOK. Calculated
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Owners injected capital
Paid-in equity rose 551.4k NOK → 556.9k NOK (+5 529 NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 207.25m NOK → 212.9k NOK (equity ratio 95.8% → 94.3%). Calculated
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↓
Cash fell
Bank deposits 2.84m NOK → 92.0k NOK (-96.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.84m NOK → 92.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 180.3k NOK → 209.2k NOK. Reported fact