A-FORM AS: årsregnskap 2022 vs 2021
Grew 9% on revenue, stronger earnings, cash halved-plus
approved 2023-06-15; registry 2023-07-22; journal 2023 602086
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for A-FORM AS. Revenue 6.88m NOK → 7.53m NOK (+9.5%). Net result +159.3k NOK → +340.4k NOK. Equity 300.7k NOK → 641.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for A-FORM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.88m NOK to 7.53m NOK (+9.5% YoY). Calculated
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Operating result improved
Operating result +265.3k NOK → +507.2k NOK (op. margin 3.9% → 6.7%). Calculated
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Net result improved
Net result +159.3k NOK → +340.4k NOK (net margin 2.3% → 4.5%). Calculated
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Equity strengthened
Book equity 300.7k NOK → 641.2k NOK (equity ratio 9.4% → 18.8%). Calculated
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Current ratio back above 1×
Current ratio 0.32× → 1.29×. Calculated
What deteriorated
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Cash fell
Bank deposits 1.23m NOK → 325.2k NOK (-73.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.23m NOK → 325.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 2.63m NOK → 3.25m NOK (38% → 43% of revenue). Calculated
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COGS fell
COGS / varekostnad 2.64m NOK → 2.13m NOK (-19.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 3 750 NOK → 378.8k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 5 → 6. Reported fact