SOLSTAD OFFSHORE ASA: årsregnskap 2022 vs 2021
Stronger earnings, cash halved-plus
approved 2023-05-15; registry 2023-06-20; journal 2023 466477
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for SOLSTAD OFFSHORE ASA. Revenue 12.95m NOK → 12.91m NOK (-0.3%). Net result +91.81m NOK → +251.57m NOK. Equity 422.0k NOK → 678.7k NOK.
On the constructive side: net result improved; equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for SOLSTAD OFFSHORE ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result +91.81m NOK → +251.57m NOK (net margin 708.9% → 1948.4%). Calculated
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Equity strengthened
Book equity 422.0k NOK → 678.7k NOK (equity ratio 68.5% → 78.2%). Calculated
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Owners injected capital
Paid-in equity rose 9.25m NOK → 9.26m NOK (+5 160 NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 12.95m NOK to 12.91m NOK (-0.3% YoY). Calculated
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Operating result weakened
Operating result +216.0k NOK → +34.0k NOK (op. margin 1.7% → 0.3%). Calculated
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Cash fell
Bank deposits 379.0k NOK → 719 NOK (-99.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 210.73× → 0.20× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 2.21m NOK → 3.12m NOK (17% → 24% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 575.2k NOK → 830.1k NOK. Reported fact