ABAX AS: årsregnskap 2022 vs 2021
Grew 23% on revenue, stronger earnings, cash halved-plus
approved 2023-04-26; registry 2023-07-19; journal 2023 590261
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ABAX AS. Revenue 397.95m NOK → 489.74m NOK (+23.1%). Net result +13.83m NOK → +44.47m NOK. Equity 1.20bn NOK → 1.19bn NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABAX AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 397.95m NOK to 489.74m NOK (+23.1% YoY). Calculated
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↑
Operating result improved
Operating result +23.20m NOK → +58.73m NOK (op. margin 5.8% → 12.0%). Calculated
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Net result improved
Net result +13.83m NOK → +44.47m NOK (net margin 3.5% → 9.1%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.20bn NOK → 1.19bn NOK (equity ratio 62.6% → 61.3%). Calculated
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↓
Cash fell
Bank deposits 66.13m NOK → 25.01m NOK (-62.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (66.13m NOK → 25.01m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 1.28bn NOK → 1.30bn NOK. Reported fact