REACH SUBSEA ASA: årsregnskap 2022 vs 2021
Grew 85% on revenue, weaker earnings, fresh owner capital
approved 2023-03-28; registry 2023-08-08; journal 2023 660184
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for REACH SUBSEA ASA. Revenue 9.91m NOK → 18.37m NOK (+85.3%). Net result +93.81m NOK → +50.77m NOK. Equity 279.5k NOK → 546.5k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for REACH SUBSEA ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 9.91m NOK to 18.37m NOK (+85.3% YoY). Calculated
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Equity strengthened
Book equity 279.5k NOK → 546.5k NOK (equity ratio 86.3% → 90.9%). Calculated
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Cash rose
Bank deposits 5.07m NOK → 16.20m NOK (+219.2% YoY). Calculated
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Owners injected capital
Paid-in equity rose 208.9k NOK → 471.1k NOK (+262.2k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -4.09m NOK → -4.99m NOK (op. margin -41.2% → -27.2%). Calculated
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Net result weakened
Net result +93.81m NOK → +50.77m NOK (net margin 946.5% → 276.4%). Calculated
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Current ratio dropped below 1×
Current ratio 2.45× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 196.04m NOK → 341.5k NOK. Reported fact