4X4 MEDEX AS: årsregnskap 2022 vs 2021
Weaker earnings, cash halved-plus
approved 2023-05-31; registry 2023-06-03; journal 2023 455097
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 4X4 MEDEX AS. Revenue 1.03m NOK → 1.02m NOK (-1.1%). Net result +627.8k NOK → +492.8k NOK. Equity 754.7k NOK → 247.5k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 4X4 MEDEX AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.03m NOK to 1.02m NOK (-1.1% YoY). Calculated
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↓
Operating result weakened
Operating result +804.8k NOK → +632.2k NOK (op. margin 77.9% → 61.9%). Calculated
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↓
Net result weakened
Net result +627.8k NOK → +492.8k NOK (net margin 60.8% → 48.2%). Calculated
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↓
Equity eroded
Book equity 754.7k NOK → 247.5k NOK (equity ratio 386.9% → 15.5%). Calculated
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↓
Cash fell
Bank deposits 905.5k NOK → 190.9k NOK (-78.9% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 202.6k NOK → 119.5k NOK. Reported fact