ABS FREDRIKSTAD AS: årsregnskap 2022 vs 2021
Grew 63% on revenue, returned to profit
approved 2023-05-05; registry 2023-05-11; journal 2023 398171
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ABS FREDRIKSTAD AS. Revenue 4.61m NOK → 7.52m NOK (+63.2%). Net result -122.6k NOK → +369.4k NOK. Equity 11.84m NOK → 13 NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABS FREDRIKSTAD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.61m NOK to 7.52m NOK (+63.2% YoY). Calculated
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↑
Operating result improved
Operating result -116.0k NOK → +473.3k NOK (op. margin -2.5% → 6.3%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 122.6k NOK to a profit of 369.4k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 11.84m NOK → 13 NOK (equity ratio 676.9% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 703.0k NOK → 529.5k NOK (-24.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 554.8k NOK → 818.2k NOK (+47.5% YoY). Calculated