ACCESS REHAB AS: årsregnskap 2022 vs 2021
Shrank 82% on revenue, weaker earnings, cash halved-plus
approved 2023-05-31; registry 2023-06-03; journal 2023 457690
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ACCESS REHAB AS. Revenue 167.7k NOK → 30.0k NOK (-82.1%). Net result +112.5k NOK → +7 427 NOK. Equity -349.7k NOK → -342.3k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCESS REHAB AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -349.7k NOK → -342.3k NOK (equity ratio -251.5% → -276.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 167.7k NOK to 30.0k NOK (-82.1% YoY). Calculated
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↓
Operating result weakened
Operating result +112.5k NOK → +10.6k NOK (op. margin 67.1% → 35.4%). Calculated
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↓
Net result weakened
Net result +112.5k NOK → +7 427 NOK (net margin 67.1% → 24.8%). Calculated
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↓
Cash fell
Bank deposits 31.8k NOK → 2 133 NOK (-93.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost -16.7k NOK → 0 NOK (-10% → 0% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -276.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation