FirmaIQ
Org.nr 890 002 552 2021 → 2022 Year-over-year analysis

A. THORESEN SERVICEVERKSTED AS: årsregnskap 2022 vs 2021

Shrank 18% on revenue, weaker earnings, cash halved-plus

approved 2023-06-12; registry 2023-06-20; journal 2023 488597

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for A. THORESEN SERVICEVERKSTED AS. Revenue 43.14m NOK → 35.36m NOK (-18.0%). Net result +4.95m NOK → +3.00m NOK. Equity 16.63m NOK → 19.64m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A. THORESEN SERVICEVERKSTED AS.

At a glance

Scorecard

Revenue
43.14m NOK 35.36m NOK
-18.0%
Operating result
+6.30m NOK +3.80m NOK
-39.6%
Net result
+4.95m NOK +3.00m NOK
-39.3%
Equity
16.63m NOK 19.64m NOK
+18.1%
Cash
10.04m NOK 2.38m NOK
-76.3%
Total assets
n/m 26.95m NOK
—

What improved

  • ↑

    Equity strengthened

    Book equity 16.63m NOK → 19.64m NOK. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 43.14m NOK to 35.36m NOK (-18.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +6.30m NOK → +3.80m NOK (op. margin 14.6% → 10.8%). Calculated

  • ↓

    Net result weakened

    Net result +4.95m NOK → +3.00m NOK (net margin 11.5% → 8.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 10.04m NOK → 2.38m NOK (-76.3% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 3.62m NOK → 3.86m NOK (8% → 11% of revenue). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (10.04m NOK → 2.38m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 31.45m NOK → 25.90m NOK (-17.6% YoY). Calculated