ABJOH HOLDING AS: årsregnskap 2022 vs 2021
Shrank 6% on revenue, weaker earnings
registry 2023-05-25; journal 2023 404979
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ABJOH HOLDING AS. Revenue 8.69m NOK → 8.20m NOK (-5.6%). Net result +395.1k NOK → +308.3k NOK. Equity 831.0k NOK → 139.3k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABJOH HOLDING AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 8.69m NOK to 8.20m NOK (-5.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +508.4k NOK → +396.5k NOK (op. margin 5.8% → 4.8%). Calculated
-
↓
Net result weakened
Net result +395.1k NOK → +308.3k NOK (net margin 4.5% → 3.8%). Calculated
-
↓
Equity eroded
Book equity 831.0k NOK → 139.3k NOK (equity ratio 30.8% → 5.2%). Calculated
-
↓
Cash fell
Bank deposits 1.14m NOK → 838.5k NOK (-26.7% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 5.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 3.49m NOK → 2.88m NOK (-17.6% YoY). Calculated