A BITE OF NORWAY AS: årsregnskap 2022 vs 2021
Stronger earnings, cash halved-plus
registry 2023-07-17; journal 2023 618313
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for A BITE OF NORWAY AS. Revenue 403 NOK → 403 NOK (0.0%). Net result -121.1k NOK → -59.3k NOK. Equity -188.0k NOK → -247.3k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A BITE OF NORWAY AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -137.7k NOK → -53.1k NOK (op. margin -34174.9% → -13184.9%). Calculated
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↑
Net result improved
Net result -121.1k NOK → -59.3k NOK (net margin -30055.6% → -14712.9%). Calculated
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↑
Payroll decreased
Salary cost 11.3k NOK → 0 NOK (2797% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -188.0k NOK → -247.3k NOK (equity ratio -80.9% → -131.2%). Calculated
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↓
Cash fell
Bank deposits 14.4k NOK → 476 NOK (-96.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -131.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad -552 NOK → -10.2k NOK (-1753.1% YoY). Calculated