SALMAR ASA: årsregnskap 2023 vs 2022
Shrank 44% on revenue, stronger earnings, cash halved-plus
approved 2024-06-06; registry 2024-07-02; journal 2024 529234
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for SALMAR ASA. Revenue 1.49bn NOK → 836.83m NOK (-43.8%). Net result +2.79bn NOK → +4.04bn NOK. Equity 14.90bn NOK → 10.05bn 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 SALMAR ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -305.96m NOK → +157.24m NOK (op. margin -20.6% → 18.8%). Calculated
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Net result improved
Net result +2.79bn NOK → +4.04bn NOK (net margin 187.2% → 483.0%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.49bn NOK to 836.83m NOK (-43.8% YoY). Calculated
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Equity eroded
Book equity 14.90bn NOK → 10.05bn NOK (equity ratio 39.8% → 33.7%). Calculated
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Cash fell
Bank deposits 1.41bn NOK → 15.56m NOK (-98.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.56× → 0.57× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 94.04m NOK → 129.06m NOK (6% → 15% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.41bn NOK → 15.56m 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 12.56bn NOK → 10.05bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 152.0k NOK → 65.0k NOK. Reported fact