ABCB AS: årsregnskap 2022 vs 2021
Returned to profit, cash halved-plus
approved 2023-02-01; registry 2023-02-25; journal 2023 310848
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ABCB AS. Revenue 2.77m NOK → 2.87m NOK (+3.8%). Net result -320.3k NOK → +216.1k NOK. Equity 935.7k NOK → 151.8k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABCB AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.77m NOK to 2.87m NOK (+3.8% YoY). Calculated
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↑
Operating result improved
Operating result -295.2k NOK → +211.4k NOK (op. margin -10.7% → 7.4%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 320.3k NOK to a profit of 216.1k NOK. Calculated
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↑
Payroll decreased
Salary cost 21.2k NOK → 15.3k NOK (1% → 1% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 935.7k NOK → 151.8k NOK (equity ratio 96.4% → 78.6%). Calculated
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↓
Cash fell
Bank deposits 849.7k NOK → 149.7k NOK (-82.4% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.95m NOK → 2.56m NOK (-13.4% YoY). Calculated