5 STAR FOODS AS: årsregnskap 2022 vs 2021
Grew 382% on revenue, returned to profit, cash halved-plus
approved 2023-06-30; registry 2023-08-22; journal 2023 714465
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 5 STAR FOODS AS. Revenue 333.5k NOK → 1.61m NOK (+382.5%). Net result -54.0k NOK → +158.2k NOK. Equity 15.8k NOK → 174.0k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 5 STAR FOODS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 333.5k NOK to 1.61m NOK (+382.5% YoY). Calculated
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Operating result improved
Operating result -42.1k NOK → +212.3k NOK (op. margin -12.6% → 13.2%). Calculated
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Turned profitable
Net result flipped from a loss of 54.0k NOK to a profit of 158.2k NOK. Calculated
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Equity strengthened
Book equity 15.8k NOK → 174.0k NOK (equity ratio 2.0% → 1132.6%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 12.0k NOK → 806 NOK (-93.3% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.10× → 0.02× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 589.9k NOK → 53.4k NOK (-90.9% YoY). Calculated