Org.nr 982 078 512 2021 → 2022 Year-over-year analysis

ABSHERON AS: årsregnskap 2022 vs 2021

Shrank 99% on revenue, returned to profit

approved 2023-05-02; registry 2023-07-18; journal 2023 625340

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ABSHERON AS. Revenue 120.0k NOK → 600 NOK (-99.5%). Net result -13.1k NOK → +484.5k NOK. Equity -232.6k NOK → 251.9k NOK.

On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABSHERON AS.

Scorecard

Revenue
120.0k NOK 600 NOK
-99.5%
Operating result
+77.5k NOK +523.5k NOK
+575.0%
Net result
-13.1k NOK +484.5k NOK
+3795.1%
Equity
-232.6k NOK 251.9k NOK
+208.3%
Cash
463 NOK 35.6k NOK
+7599.4%
Total assets
4.47m NOK 5.35m NOK
+19.7%

What improved

  • ↑

    Operating result improved

    Operating result +77.5k NOK → +523.5k NOK (op. margin 64.6% → 87244.0%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 13.1k NOK to a profit of 484.5k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -232.6k NOK → 251.9k NOK (equity ratio -5.2% → 4.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 463 NOK → 35.6k NOK (+7599.4% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 120.0k NOK to 600 NOK (-99.5% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 3.01× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 2.29m NOK → 3.80m NOK. Reported fact