654 M.O.H AS: årsregnskap 2022 vs 2021
Grew 18% on revenue, cash halved-plus
approved 2023-06-12; registry 2023-06-22; journal 2023 495620
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 654 M.O.H AS. Revenue 16.26m NOK → 19.19m NOK (+18.0%). Net result +399.1k NOK → +445.3k NOK. Equity 7.80m NOK → 8.24m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for 654 M.O.H AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 16.26m NOK to 19.19m NOK (+18.0% YoY). Calculated
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Net result improved
Net result +399.1k NOK → +445.3k NOK (net margin 2.5% → 2.3%). Calculated
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↑
Equity strengthened
Book equity 7.80m NOK → 8.24m NOK (equity ratio 64.6% → 70.2%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +835.8k NOK → +645.6k NOK (op. margin 5.1% → 3.4%). Calculated
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↓
Cash fell
Bank deposits 4.66m NOK → 1.13m NOK (-75.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.66m NOK → 1.13m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 3.30m NOK → 4.09m NOK (20% → 21% of revenue). Calculated
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COGS moved
COGS / varekostnad 8.98m NOK → 11.40m NOK (+27.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 6.44m NOK → 460.4k NOK. Reported fact