64GRADERNORD AS: årsregnskap 2022 vs 2021
Weaker earnings, cash halved-plus
approved 2023-07-03; registry 2023-07-13; journal 2023 579490
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 64GRADERNORD AS. Revenue 8.83m NOK → 8.54m NOK (-3.3%). Net result -440.8k NOK → -1.09m NOK. Equity 853.7k NOK → -236.4k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for 64GRADERNORD AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 8.83m NOK to 8.54m NOK (-3.3% YoY). Calculated
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Operating result weakened
Operating result -438.7k NOK → -1.09m NOK (op. margin -5.0% → -12.7%). Calculated
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Net result weakened
Net result -440.8k NOK → -1.09m NOK (net margin -5.0% → -12.8%). Calculated
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↓
Equity eroded
Book equity 853.7k NOK → -236.4k NOK (equity ratio 36.7% → -17.8%). Calculated
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Cash fell
Bank deposits 1.37m NOK → 549.1k NOK (-60.0% YoY). 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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Sharp cash drawdown
Cash fell by more than 60% YoY (1.37m NOK → 549.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation