247 ENERGY AS: årsregnskap 2022 vs 2021
Shrank 24% on revenue, stronger earnings, cash halved-plus
approved 2023-05-08; registry 2023-05-10; journal 2023 396664
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 247 ENERGY AS. Revenue 2.92m NOK → 2.22m NOK (-23.9%). Net result -575.6k NOK → -324.7k NOK. Equity -5.61m NOK → -5.93m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 247 ENERGY AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -575.8k NOK → -326.5k NOK (op. margin -19.7% → -14.7%). Calculated
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Net result improved
Net result -575.6k NOK → -324.7k NOK (net margin -19.7% → -14.6%). Calculated
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Payroll decreased
Salary cost 1.40m NOK → 1.15m NOK (48% → 52% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.92m NOK to 2.22m NOK (-23.9% YoY). Calculated
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↓
Equity eroded
Book equity -5.61m NOK → -5.93m NOK (equity ratio -2081.0% → -5090.9%). Calculated
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Cash fell
Bank deposits 156.1k NOK → 9 842 NOK (-93.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -5090.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation