ADMIRAL ENERGY AS: årsregnskap 2022 vs 2021
Grew 83% on revenue, weaker earnings
approved 2023-05-24; registry 2023-07-08; journal 2023 589066
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADMIRAL ENERGY AS. Revenue 537.2k NOK → 984.1k NOK (+83.2%). Net result +265.4k NOK → +144.0k NOK. Equity -66.7k NOK → 78.3k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADMIRAL ENERGY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 537.2k NOK to 984.1k NOK (+83.2% YoY). Calculated
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↑
Equity strengthened
Book equity -66.7k NOK → 78.3k NOK (equity ratio -126.9% → 40.3%). Calculated
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↑
Cash rose
Bank deposits 52.6k NOK → 95.0k NOK (+80.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.62× → 1.70×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +219.4k NOK → +145.1k NOK (op. margin 40.8% → 14.7%). Calculated
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↓
Net result weakened
Net result +265.4k NOK → +144.0k NOK (net margin 49.4% → 14.6%). Calculated
Things to notice
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·
Payroll increased
Salary cost 253.1k NOK → 692.9k NOK (47% → 70% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 50.0k NOK → 0 NOK. Reported fact