A ENG AS: årsregnskap 2022 vs 2021
Shrank 17% on revenue, stronger earnings
approved 2023-01-23; registry 2023-07-19; journal 2023 629714
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for A ENG AS. Revenue 911.3k NOK → 759.2k NOK (-16.7%). Net result +216.2k NOK → +494.9k NOK. Equity 473.0k NOK → 47.9k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for A ENG AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +334.1k NOK → +627.9k NOK (op. margin 36.7% → 82.7%). Calculated
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Net result improved
Net result +216.2k NOK → +494.9k NOK (net margin 23.7% → 65.2%). Calculated
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↑
Cash rose
Bank deposits 769.3k NOK → 975.7k NOK (+26.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 398.4k NOK → 1 858 NOK (44% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 911.3k NOK to 759.2k NOK (-16.7% YoY). Calculated
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↓
Equity eroded
Book equity 473.0k NOK → 47.9k NOK (equity ratio 61.5% → 4.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 300.0k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 30.0k NOK → 0 NOK. Reported fact