Org.nr 923 118 330 2021 → 2022 Year-over-year analysis

ABSTRAKT AS: årsregnskap 2022 vs 2021

Shrank 100% on revenue, stronger earnings, cash halved-plus

approved 2023-06-30; registry 2023-07-27; journal 2023 656072

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ABSTRAKT AS. Revenue 270.6k NOK → 270 NOK (-99.9%). Net result -166.7k NOK → -77.4k NOK. Equity -141.9k NOK → -219.3k NOK.

On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.

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

Scorecard

Revenue
270.6k NOK 270 NOK
-99.9%
Operating result
-166.3k NOK -71.4k NOK
+57.1%
Net result
-166.7k NOK -77.4k NOK
+53.5%
Equity
-141.9k NOK -219.3k NOK
-54.6%
Cash
85.2k NOK 8 528 NOK
-90.0%
Total assets
105.9k NOK 29.3k NOK
-72.4%

What improved

  • ↑

    Operating result improved

    Operating result -166.3k NOK → -71.4k NOK (op. margin -61.5% → -26451.1%). Calculated

  • ↑

    Net result improved

    Net result -166.7k NOK → -77.4k NOK (net margin -61.6% → -28680.0%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.34× → 1.32×. Calculated

  • ↑

    Payroll decreased

    Salary cost 1.19m NOK → 1 619 NOK (441% → 600% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 270.6k NOK to 270 NOK (-99.9% YoY). Calculated

  • ↓

    Equity eroded

    Book equity -141.9k NOK → -219.3k NOK (equity ratio -134.0% → -749.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 85.2k NOK → 8 528 NOK (-90.0% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -749.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation