123BILMEGLER HARDANGER AS: årsregnskap 2022 vs 2021
Shrank 15% on revenue, slipped into loss
approved 2023-07-06; registry 2023-07-27; journal 2023 614992
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 123BILMEGLER HARDANGER AS. Revenue 9.43m NOK → 8.04m NOK (-14.8%). Net result +511.4k NOK → -222.1k NOK. Equity 279.9k NOK → 57.8k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 123BILMEGLER HARDANGER AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 72.9k NOK → 156.0k NOK (+114.0% YoY). Calculated
-
↑
Payroll decreased
Salary cost 1.16m NOK → 434.8k NOK (12% → 5% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 9.43m NOK to 8.04m NOK (-14.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +725.3k NOK → -209.2k NOK (op. margin 7.7% → -2.6%). Calculated
-
↓
Fell into a net loss
Net result flipped from 511.4k NOK profit to a loss of 222.1k NOK. Calculated
-
↓
Equity eroded
Book equity 279.9k NOK → 57.8k NOK (equity ratio 86.1% → 4.1%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 4.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 7.96m NOK → 7.16m NOK (-10.0% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 19.7k NOK → 21.5k NOK. Reported fact