ABEL DESIGN KJØKKEN & GARDEROBE AS: årsregnskap 2022 vs 2021
Weaker earnings, cash halved-plus
registry 2023-06-20; journal 2023 503500
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ABEL DESIGN KJØKKEN & GARDEROBE AS. Net result -56.7k NOK → -79.0k NOK. Equity -213.2k NOK → -292.2k NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABEL DESIGN KJØKKEN & GARDEROBE AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -56.7k NOK → -79.0k NOK. Calculated
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↓
Net result weakened
Net result -56.7k NOK → -79.0k NOK. Calculated
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↓
Equity eroded
Book equity -213.2k NOK → -292.2k NOK (equity ratio -206.8% → -421.7%). Calculated
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↓
Cash fell
Bank deposits 352.9k NOK → -4 352 NOK (-101.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -421.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation