AB Invest A/S: årsregnskap 2022 vs 2021
Grew 40% on revenue, weaker earnings
approved 2023-03-23; registry 2023-04-22; journal 2023 359581
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AB Invest A/S. Revenue 6.63m NOK → 9.28m NOK (+39.8%). Net result +85.69m NOK → +22.92m NOK. Equity 425.90m NOK → 369.21m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for AB Invest A/S.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.63m NOK to 9.28m NOK (+39.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -11.32m NOK → -15.06m NOK (op. margin -170.7% → -162.4%). Calculated
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↓
Net result weakened
Net result +85.69m NOK → +22.92m NOK (net margin 1291.8% → 247.1%). Calculated
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↓
Equity eroded
Book equity 425.90m NOK → 369.21m NOK (equity ratio 8.1% → 7.9%). Calculated
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↓
Cash fell
Bank deposits 321.54m NOK → 248.07m NOK (-22.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 22.52m NOK → 17.90m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 11.12m NOK → 16.18m NOK (168% → 174% of revenue). Calculated
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COGS fell
COGS / varekostnad 325.28m NOK → 143.98m NOK (-55.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 10 NOK → 3.33bn NOK. Reported fact