ABB HOLDING AS: årsregnskap 2022 vs 2021
Grew 15% on revenue, stronger earnings, cash halved-plus
approved 2023-03-21; registry 2023-05-22; journal 2023 393138
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ABB HOLDING AS. Revenue 7.50bn NOK → 8.64bn NOK (+15.3%). Net result +370.6k NOK → +276.96m NOK. Equity 533.74m NOK → 528.39m 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; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABB HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 7.50bn NOK to 8.64bn NOK (+15.3% YoY). Calculated
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Operating result improved
Operating result +243.7k NOK → +1.08m NOK (op. margin 0.0% → 0.0%). Calculated
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Net result improved
Net result +370.6k NOK → +276.96m NOK (net margin 0.0% → 3.2%). Calculated
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Payroll decreased
Salary cost 7.00m NOK → -1.17m NOK (0% → -0% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 533.74m NOK → 528.39m NOK (equity ratio 40.6% → 44.7%). Calculated
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Cash fell
Bank deposits 36.57m NOK → 36.6k NOK (-99.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (36.57m NOK → 36.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 3.94bn NOK → 4.58bn NOK (+16.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 867.48m NOK → 16.4k NOK. Reported fact