ABRY & KAVANAGH DESIGN AS: årsregnskap 2022 vs 2021
Shrank 12% on revenue, weaker earnings
approved 2023-05-18; registry 2023-05-22; journal 2023 417581
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ABRY & KAVANAGH DESIGN AS. Revenue 2.57m NOK → 2.27m NOK (-11.6%). Net result +203.3k NOK → +12.2k NOK. Equity 701.7k NOK → 713.9k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABRY & KAVANAGH DESIGN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 701.7k NOK → 713.9k NOK (equity ratio 54.1% → 55.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 2.16×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.57m NOK to 2.27m NOK (-11.6% YoY). Calculated
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↓
Operating result weakened
Operating result +208.4k NOK → +11.5k NOK (op. margin 8.1% → 0.5%). Calculated
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↓
Net result weakened
Net result +203.3k NOK → +12.2k NOK (net margin 7.9% → 0.5%). Calculated
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↓
Cash fell
Bank deposits 773.7k NOK → 486.3k NOK (-37.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.74m NOK → 1.85m NOK (68% → 81% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 191.0k NOK → 31.0k NOK (-83.8% YoY). Calculated