150 YARDS AHEAD AS: årsregnskap 2022 vs 2021
Shrank 16% on revenue, stronger earnings
approved 2023-06-26; registry 2023-06-28; journal 2023 532087
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 150 YARDS AHEAD AS. Revenue 383.4k NOK → 320.8k NOK (-16.3%). Net result -129.0k NOK → -39.6k NOK. Equity -62.0k NOK → -101.7k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 150 YARDS AHEAD AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -123.8k NOK → -13.8k NOK (op. margin -32.3% → -4.3%). Calculated
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↑
Net result improved
Net result -129.0k NOK → -39.6k NOK (net margin -33.7% → -12.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 383.4k NOK to 320.8k NOK (-16.3% YoY). Calculated
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↓
Equity eroded
Book equity -62.0k NOK → -101.7k NOK (equity ratio -9.9% → -17.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -17.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 263.9k NOK → 164.7k NOK (-37.6% YoY). Calculated