70 GRADER N TRANSPORT AS: årsregnskap 2022 vs 2021
Grew 21% on revenue, stronger earnings
approved 2023-06-16; registry 2023-06-19; journal 2023 501533
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 70 GRADER N TRANSPORT AS. Revenue 3.03m NOK → 3.67m NOK (+20.8%). Net result +119.0k NOK → +333.6k NOK. Equity 584.9k NOK → 918.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 70 GRADER N TRANSPORT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.03m NOK to 3.67m NOK (+20.8% YoY). Calculated
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Operating result improved
Operating result +152.6k NOK → +427.9k NOK (op. margin 5.0% → 11.7%). Calculated
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Net result improved
Net result +119.0k NOK → +333.6k NOK (net margin 3.9% → 9.1%). Calculated
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Equity strengthened
Book equity 584.9k NOK → 918.5k NOK (equity ratio 76.0% → 606.8%). Calculated
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Cash rose
Bank deposits 515.0k NOK → 992.9k NOK (+92.8% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 3.70× → 0.39× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 338.6k NOK → 930.8k NOK (+174.9% YoY). Calculated