ABEL HEALTH AS: årsregnskap 2022 vs 2021
Grew 23% on revenue, weaker earnings, cash halved-plus
approved 2023-09-11; registry 2023-09-14; journal 2023 727030
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ABEL HEALTH AS. Revenue 7.40m NOK → 9.06m NOK (+22.5%). Net result +99.9k NOK → +39.2k NOK. Equity 661.8k NOK → 700.9k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABEL HEALTH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 7.40m NOK to 9.06m NOK (+22.5% YoY). Calculated
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↑
Equity strengthened
Book equity 661.8k NOK → 700.9k NOK (equity ratio 20.9% → 23.7%). Calculated
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↑
Payroll decreased
Salary cost 2.89m NOK → 1.21m NOK (39% → 13% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +159.6k NOK → +66.4k NOK (op. margin 2.2% → 0.7%). Calculated
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↓
Net result weakened
Net result +99.9k NOK → +39.2k NOK (net margin 1.4% → 0.4%). Calculated
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↓
Cash fell
Bank deposits 1.64m NOK → 425.7k NOK (-74.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.64m NOK → 425.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 5.35m NOK → 7.11m NOK (+33.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 1.06m NOK → 500.0k NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 5 → 1.5. Reported fact