A. SØRENSENS TRANSPORT AS: årsregnskap 2022 vs 2021
Shrank 13% on revenue, cash halved-plus
registry 2023-02-27; journal 2023 311682
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for A. SØRENSENS TRANSPORT AS. Revenue 3.07m NOK → 2.68m NOK (-12.7%). Net result +389.5k NOK → +318.7k NOK. Equity 838.9k NOK → 157.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. SØRENSENS TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.92m NOK → 757.5k NOK (95% → 28% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.07m NOK to 2.68m NOK (-12.7% YoY). Calculated
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↓
Operating result weakened
Operating result +497.6k NOK → +410.4k NOK (op. margin 16.2% → 15.3%). Calculated
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↓
Net result weakened
Net result +389.5k NOK → +318.7k NOK (net margin 12.7% → 11.9%). Calculated
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↓
Equity eroded
Book equity 838.9k NOK → 157.6k NOK (equity ratio 385.1% → 10.3%). Calculated
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↓
Cash fell
Bank deposits 614.2k NOK → 132.3k NOK (-78.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 702.0k NOK → 638.6k NOK (-9.0% YoY). Calculated