ABYSSINIA RESOURCES DEVELOPMENT AS: årsregnskap 2022 vs 2021
Grew 14475% on revenue, slipped into loss
approved 2023-03-28; registry 2023-04-01; journal 2023 342955
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ABYSSINIA RESOURCES DEVELOPMENT AS. Revenue 413.4k NOK → 60.25m NOK (+14474.6%). Net result +13.72m NOK → -12.18m NOK. Equity 13.22m NOK → 1.03m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABYSSINIA RESOURCES DEVELOPMENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 413.4k NOK to 60.25m NOK (+14474.6% YoY). Calculated
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↑
Cash rose
Bank deposits 30.95m NOK → 42.79m NOK (+38.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +16.07m NOK → +5.01m NOK (op. margin 3887.9% → 8.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 13.72m NOK profit to a loss of 12.18m NOK. Calculated
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↓
Equity eroded
Book equity 13.22m NOK → 1.03m NOK (equity ratio 15.4% → 0.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 5.03m NOK → 6.47m NOK (1217% → 11% of revenue). Calculated
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COGS moved
COGS / varekostnad 91.2k NOK → 34.84m NOK (+38089.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 52.93m NOK → 109.73m NOK. Reported fact