ABB ELECTRIFICATION NORWAY AS: årsregnskap 2022 vs 2021
Grew 12% on revenue, stronger earnings, cash halved-plus
approved 2023-03-15; registry 2023-05-20; journal 2023 392246
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ABB ELECTRIFICATION NORWAY AS. Revenue 2.97bn NOK → 3.33bn NOK (+12.1%). Net result +185.1k NOK → +22.07m NOK. Equity 13.22m NOK → 13.20m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for ABB ELECTRIFICATION NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.97bn NOK to 3.33bn NOK (+12.1% YoY). Calculated
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Operating result improved
Operating result +121.4k NOK → +63.08m NOK (op. margin 0.0% → 1.9%). Calculated
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Net result improved
Net result +185.1k NOK → +22.07m NOK (net margin 0.0% → 0.7%). Calculated
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Payroll decreased
Salary cost 17.65m NOK → 5.68m NOK (1% → 0% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 13.22m NOK → 13.20m NOK (equity ratio 0.9% → 0.9%). Calculated
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Cash fell
Bank deposits 11.96m NOK → 12.0k NOK (-99.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (11.96m NOK → 12.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 1.74bn NOK → 2.21bn NOK (+26.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 161.15m NOK → 159.37m NOK. Reported fact