Org.nr 818 965 532 2021 → 2022 Year-over-year analysis

ABAX MIDCO AS: årsregnskap 2022 vs 2021

Weaker earnings, cash halved-plus

approved 2023-06-21; registry 2023-08-14; journal 2023 676891

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ABAX MIDCO AS. Net result -27.70m NOK → -38.22m NOK. Equity 1.56bn NOK → 1.52bn NOK.

On the constructive side: operating result improved. Pressures included: net result weakened; equity eroded; cash fell.

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ABAX MIDCO AS.

Scorecard

Operating result
-98.6k NOK -57.6k NOK
+41.6%
Net result
-27.70m NOK -38.22m NOK
-38.0%
Equity
1.56bn NOK 1.52bn NOK
-2.5%
Cash
80.0k NOK 10.0k NOK
-87.5%
Total assets
1.94bn NOK 1.94bn NOK
+0.2%

What improved

  • ↑

    Operating result improved

    Operating result -98.6k NOK → -57.6k NOK. Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result -27.70m NOK → -38.22m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.56bn NOK → 1.52bn NOK (equity ratio 80.1% → 78.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 80.0k NOK → 10.0k NOK (-87.5% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.56bn NOK → 1.52bn NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 1 NOK → 1.86bn NOK. Reported fact