A BRAND AS: årsregnskap 2022 vs 2021
Returned to profit, cash halved-plus
approved 2023-04-27; registry 2023-07-03; journal 2023 552738
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for A BRAND AS. Revenue 1.34m NOK → 1.36m NOK (+2.0%). Net result -127.9k NOK → +30.2k NOK. Equity 107.7k NOK → 137.9k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for A BRAND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.34m NOK to 1.36m NOK (+2.0% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 127.9k NOK to a profit of 30.2k NOK. Calculated
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↑
Equity strengthened
Book equity 107.7k NOK → 137.9k NOK (equity ratio 18.2% → 16.6%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +389.2k NOK → +59.9k NOK (op. margin 29.1% → 4.4%). Calculated
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↓
Cash fell
Bank deposits 421.1k NOK → 199.0k NOK (-52.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.17× → 0.35× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 334.1k NOK → 824.3k NOK (25% → 60% of revenue). Calculated
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COGS moved
COGS / varekostnad 34.2k NOK → 47.5k NOK (+38.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 21.3k NOK → 0 NOK. Reported fact