FirmaIQ
Org.nr 971 597 275 2021 → 2022 Year-over-year analysis

ABACOM AS: årsregnskap 2022 vs 2021

Shrank 20% on revenue, weaker earnings, cash halved-plus

approved 2023-10-02; registry 2023-10-05; journal 2023 733109

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ABACOM AS. Revenue 11.23m NOK → 9.03m NOK (-19.5%). Net result +6.22m NOK → +3.89m NOK. Equity 7.97m NOK → 11.62m NOK.

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

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABACOM AS.

At a glance

Scorecard

Revenue
11.23m NOK 9.03m NOK
-19.5%
Operating result
+8.11m NOK +5.05m NOK
-37.7%
Net result
+6.22m NOK +3.89m NOK
-37.4%
Equity
7.97m NOK 11.62m NOK
+45.8%
Cash
10.33m NOK 3.36m NOK
-67.4%
Total assets
12.60m NOK 13.82m NOK
+9.7%

What improved

  • ↑

    Equity strengthened

    Book equity 7.97m NOK → 11.62m NOK (equity ratio 63.2% → 84.0%). Calculated

  • ↑

    Payroll decreased

    Salary cost 5.91m NOK → 2.87m NOK (53% → 32% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 11.23m NOK to 9.03m NOK (-19.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +8.11m NOK → +5.05m NOK (op. margin 72.2% → 56.0%). Calculated

  • ↓

    Net result weakened

    Net result +6.22m NOK → +3.89m NOK (net margin 55.4% → 43.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 10.33m NOK → 3.36m NOK (-67.4% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 1.05m NOK → 1.32m NOK (+25.4% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (10.33m NOK → 3.36m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation