A GREAT IDEA AS: årsregnskap 2022 vs 2021
Shrank 74% on revenue, stronger earnings, cash halved-plus
approved 2023-05-13; registry 2023-06-08; journal 2023 433189
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for A GREAT IDEA AS. Revenue 11.56m NOK → 3.00m NOK (-74.1%). Net result +18.93m NOK → +27.27m NOK. Equity 7.56m NOK → 1.13m NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for A GREAT IDEA AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +18.93m NOK → +27.27m NOK (net margin 163.7% → 910.0%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 11.56m NOK to 3.00m NOK (-74.1% YoY). Calculated
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Operating result weakened
Operating result +662.3k NOK → -130.7k NOK (op. margin 5.7% → -4.4%). Calculated
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Equity eroded
Book equity 7.56m NOK → 1.13m NOK (equity ratio 49.3% → 9.9%). Calculated
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Cash fell
Bank deposits 1.81m NOK → 459.7k NOK (-74.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.22× → 0.47× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.81m NOK → 459.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 6.99m NOK → 1.13m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 8.96m NOK → 2.80m NOK (-68.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 844.9k NOK → 594.7k NOK. Reported fact