FirmaIQ
Org.nr 917 533 458 2021 → 2022 Year-over-year analysis

ABSEC AS: årsregnskap 2022 vs 2021

Slipped into loss, cash halved-plus

approved 2023-06-20; registry 2023-06-24; journal 2023 512888

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ABSEC AS. Revenue 1.38m NOK → 1.34m NOK (-2.8%). Net result +9 947 NOK → -99.0k NOK. Equity 111.5k NOK → 12.5k NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABSEC AS.

At a glance

Scorecard

Revenue
1.38m NOK 1.34m NOK
-2.8%
Operating result
+12.9k NOK -99.5k NOK
-874.1%
Net result
+9 947 NOK -99.0k NOK
-1095.1%
Equity
111.5k NOK 12.5k NOK
-88.8%
Cash
180.4k NOK 29.4k NOK
-83.7%
Total assets
196.2k NOK 206.1k NOK
+5.0%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.38m NOK to 1.34m NOK (-2.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +12.9k NOK → -99.5k NOK (op. margin 0.9% → -7.4%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 9 947 NOK profit to a loss of 99.0k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 111.5k NOK → 12.5k NOK (equity ratio 56.8% → 6.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 180.4k NOK → 29.4k NOK (-83.7% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation