A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi: årsregnskap 2022 vs 2021
Grew 13% on revenue, cash halved-plus
approved 2023-02-03; registry 2023-03-06; journal 2023 313585
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi. Revenue 300 NOK → 340 NOK (+13.3%). Net result +56.7k NOK → +51.0k NOK. Equity -1.34m NOK → -1.29m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 300 NOK to 340 NOK (+13.3% YoY). Calculated
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↑
Operating result improved
Operating result +258.0k NOK → +292.4k NOK (op. margin 86001.0% → 86000.0%). Calculated
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↑
Equity strengthened
Book equity -1.34m NOK → -1.29m NOK (equity ratio -28.9% → -37.4%). Calculated
What deteriorated
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↓
Net result weakened
Net result +56.7k NOK → +51.0k NOK (net margin 18890.0% → 15002.9%). Calculated
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↓
Cash fell
Bank deposits 69.9k NOK → 6 947 NOK (-90.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.67× → 0.40× — 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 -37.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost -10.4k NOK → 4 NOK (-3454% → 1% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 2.16m NOK → 1.02m NOK. Reported fact