Org.nr 947 014 781 2021 → 2022 Year-over-year analysis

A/S MILLENIUM: årsregnskap 2022 vs 2021

Slipped into loss

approved 2023-05-25; registry 2023-06-13; journal 2023 466561

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for A/S MILLENIUM. Net result +14.65m NOK → -26.19m NOK. Equity 90.58m NOK → 64.49m NOK.

On the constructive side: operating result improved; cash rose. Pressures included: fell into a net loss; equity eroded.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for A/S MILLENIUM.

At a glance

Revenue

n/m 949.5k NOK

—

Operating result

-426.0k NOK +493.9k NOK

+215.9%

Net result

+14.65m NOK -26.19m NOK

-278.8%

Equity

90.58m NOK 64.49m NOK

-28.8%

Cash

5.21m NOK 19.97m NOK

+283.1%

Total assets

110.57m NOK 68.57m NOK

-38.0%

↑
Operating result improved

Operating result -426.0k NOK → +493.9k NOK. Calculated
↑
Cash rose

Bank deposits 5.21m NOK → 19.97m NOK (+283.1% YoY). Calculated

↓
Fell into a net loss

Net result flipped from 14.65m NOK profit to a loss of 26.19m NOK. Calculated
↓
Equity eroded

Book equity 90.58m NOK → 64.49m NOK (equity ratio 81.9% → 94.1%). Calculated

·
Paid-in equity reduced

Paid-in equity fell 500.0k NOK → 600 NOK — check capital reduction, conversion, or reclassification. Interpretation