00NATION AS: årsregnskap 2022 vs 2021
Grew 113% on revenue, weaker earnings, cash halved-plus
approved 2023-06-23; registry 2023-07-20; journal 2023 594414
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 00NATION AS. Revenue 10.29m NOK → 21.88m NOK (+112.7%). Net result -16.31m NOK → -106.73m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for 00NATION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.29m NOK to 21.88m NOK (+112.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -16.31m NOK → -22.51m NOK (op. margin -158.6% → -102.9%). Calculated
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↓
Net result weakened
Net result -16.31m NOK → -106.73m NOK (net margin -158.5% → -487.9%). Calculated
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↓
Cash fell
Bank deposits 15.19m NOK → 726.7k NOK (-95.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 7.04× → 0.66× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (15.19m NOK → 726.7k 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 85.56m NOK → 1.13m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 8.04m NOK → 15.06m NOK (78% → 69% of revenue). Calculated
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COGS moved
COGS / varekostnad 189.3k NOK → 13.11m NOK (+6821.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 65.28m NOK → 1.74m NOK. Reported fact