ABLE PRODUCTS AS: årsregnskap 2022 vs 2021
Weaker earnings, cash halved-plus
approved 2023-04-26; registry 2023-06-17; journal 2023 476260
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ABLE PRODUCTS AS. Net result +4.32m NOK → +2.02m NOK. Equity 10.01m NOK → 10.92m NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
Operating result
-30.4k NOK
-38.7k NOK
-27.4%
Net result
+4.32m NOK
+2.02m NOK
-53.1%
Equity
10.01m NOK
10.92m NOK
+9.1%
Cash
273.9k NOK
105.7k NOK
-61.4%
Total assets
10.31m NOK
11.95m NOK
+15.9%
What improved
-
↑
Equity strengthened
Book equity 10.01m NOK → 10.92m NOK (equity ratio 97.1% → 91.4%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.92× → 3.90×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -30.4k NOK → -38.7k NOK. Calculated
-
↓
Net result weakened
Net result +4.32m NOK → +2.02m NOK. Calculated
-
↓
Cash fell
Bank deposits 273.9k NOK → 105.7k NOK (-61.4% YoY). Calculated