FirmaIQ
Org.nr 935 693 462 2021 → 2022 Year-over-year analysis

ABL NORWAY AS: årsregnskap 2022 vs 2021

Shrank 22% on revenue, weaker earnings

approved 2023-06-27; registry 2023-07-08; journal 2023 559976

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ABL NORWAY AS. Revenue 22.47m NOK → 17.64m NOK (-21.5%). Net result -2.10m NOK → -2.98m NOK. Equity -11.76m NOK → -14.74m NOK.

On the constructive side: operating result improved; cash rose; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABL NORWAY AS.

At a glance

Scorecard

Revenue
22.47m NOK 17.64m NOK
-21.5%
Operating result
-1.72m NOK -1.68m NOK
+2.7%
Net result
-2.10m NOK -2.98m NOK
-41.7%
Equity
-11.76m NOK -14.74m NOK
-25.3%
Cash
2.26m NOK 2.54m NOK
+12.7%
Total assets
13.43m NOK 9.71m NOK
-27.7%

What improved

  • ↑

    Operating result improved

    Operating result -1.72m NOK → -1.68m NOK (op. margin -7.7% → -9.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.26m NOK → 2.54m NOK (+12.7% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 10.48m NOK → 9.51m NOK (47% → 54% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 22.47m NOK to 17.64m NOK (-21.5% YoY). Calculated

  • ↓

    Net result weakened

    Net result -2.10m NOK → -2.98m NOK (net margin -9.3% → -16.9%). Calculated

  • ↓

    Equity eroded

    Book equity -11.76m NOK → -14.74m NOK (equity ratio -87.6% → -151.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -151.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 9.67m NOK → 6.97m NOK (-27.9% YoY). Calculated