A.R. QURESHI & CO. AS: årsregnskap 2022 vs 2021
Stronger earnings, cash halved-plus
approved 2023-06-27; registry 2023-07-03; journal 2023 549904
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for A.R. QURESHI & CO. AS. Net result -65.7k NOK → -14.5k NOK. Equity -57.5k NOK → -71.9k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A.R. QURESHI & CO. AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -65.7k NOK → -14.4k NOK. Calculated
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↑
Net result improved
Net result -65.7k NOK → -14.5k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity -57.5k NOK → -71.9k NOK (equity ratio -477.7% → -21799.4%). Calculated
-
↓
Cash fell
Bank deposits 12.0k NOK → 330 NOK (-97.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -21799.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 20.0k NOK → 0 NOK. Reported fact