ABELON TECHNOLOGY AS: årsregnskap 2022 vs 2021
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2023-07-03; registry 2023-08-10; journal 2023 662604
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ABELON TECHNOLOGY AS. Revenue 1.36m NOK → 1 361 NOK (-99.9%). Net result +146.9k NOK → -525.9k NOK. Equity 5 642 NOK → -520.3k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABELON TECHNOLOGY AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.36m NOK to 1 361 NOK (-99.9% YoY). Calculated
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Operating result weakened
Operating result +188.4k NOK → -674.3k NOK (op. margin 13.8% → -49542.8%). Calculated
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Fell into a net loss
Net result flipped from 146.9k NOK profit to a loss of 525.9k NOK. Calculated
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Equity eroded
Book equity 5 642 NOK → -520.3k NOK (equity ratio 0.4% → -67.2%). Calculated
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Cash fell
Bank deposits 179.0k NOK → 10.3k NOK (-94.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -67.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation