FirmaIQ
Org.nr 990 976 244 2021 → 2022 Year-over-year analysis

A&O SEAFOOD EXPORT AS: årsregnskap 2022 vs 2021

Grew 40% on revenue, weaker earnings, cash halved-plus

approved 2023-06-30; registry 2023-08-17; journal 2023 699682

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for A&O SEAFOOD EXPORT AS. Revenue 54.54m NOK → 76.21m NOK (+39.7%). Net result +771.6k NOK → +368.2k NOK. Equity 5.83m NOK → 5.40m NOK.

On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A&O SEAFOOD EXPORT AS.

At a glance

Scorecard

Revenue
54.54m NOK 76.21m NOK
+39.7%
Operating result
+1.10m NOK +1.70m NOK
+54.7%
Net result
+771.6k NOK +368.2k NOK
-52.3%
Equity
5.83m NOK 5.40m NOK
-7.4%
Cash
1.16m NOK 556.2k NOK
-52.1%
Total assets
22.49m NOK 38.29m NOK
+70.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 54.54m NOK to 76.21m NOK (+39.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.10m NOK → +1.70m NOK (op. margin 2.0% → 2.2%). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +771.6k NOK → +368.2k NOK (net margin 1.4% → 0.5%). Calculated

  • ↓

    Equity eroded

    Book equity 5.83m NOK → 5.40m NOK (equity ratio 25.9% → 14.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.16m NOK → 556.2k NOK (-52.1% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.84m NOK → 2.44m NOK (3% → 3% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 48.04m NOK → 69.16m NOK (+44.0% YoY). Calculated