A/S Norske Shell: årsregnskap 2022 vs 2021
Grew 140% on revenue, stronger earnings
approved 2023-04-24; registry 2023-06-13; journal 2023 447822
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for A/S Norske Shell. Revenue 28.98bn NOK → 69.66bn NOK (+140.3%). Net result +3.00bn NOK → +9.23bn NOK. Equity 1.74bn NOK → 1.18bn NOK.
On the constructive side: revenue rose; 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/S Norske Shell.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 28.98bn NOK to 69.66bn NOK (+140.3% YoY). Calculated
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Operating result improved
Operating result +9.35bn NOK → +38.53bn NOK (op. margin 32.3% → 55.3%). Calculated
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Net result improved
Net result +3.00bn NOK → +9.23bn NOK (net margin 10.4% → 13.3%). Calculated
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Current ratio back above 1×
Current ratio 0.89× → 1.03×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.74bn NOK → 1.18bn NOK (equity ratio 5.7% → 3.0%). Calculated
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↓
Cash fell
Bank deposits 345.00m NOK → 279.00m NOK (-19.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 2.09bn NOK → 1.04bn NOK. Reported fact