FirmaIQ
Org.nr 918 965 556 2021 → 2022 Year-over-year analysis

ABAX GROUP AS: årsregnskap 2022 vs 2021

Slipped into loss, cash halved-plus

approved 2023-04-26; registry 2023-07-19; journal 2023 590262

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ABAX GROUP AS. Revenue 323.6k NOK → 323.6k NOK (0.0%). Net result +286.48m NOK → -26.26m NOK. Equity 2.11bn NOK → 2.08bn NOK.

Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABAX GROUP AS.

At a glance

Scorecard

Revenue
323.6k NOK 323.6k NOK
0.0%
Operating result
+317.72m NOK -6.36m NOK
-102.0%
Net result
+286.48m NOK -26.26m NOK
-109.2%
Equity
2.11bn NOK 2.08bn NOK
-1.2%
Cash
230.41m NOK 9.60m NOK
-95.8%
Total assets
3.19bn NOK 2.94bn NOK
-7.7%

What deteriorated

  • ↓

    Operating result weakened

    Operating result +317.72m NOK → -6.36m NOK (op. margin 98182.0% → -1966.1%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 286.48m NOK profit to a loss of 26.26m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 2.11bn NOK → 2.08bn NOK (equity ratio 66.2% → 70.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 230.41m NOK → 9.60m NOK (-95.8% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (230.41m NOK → 9.60m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 2.91bn NOK → 2.87bn NOK. Reported fact