AE FROGNER AS: årsregnskap 2022 vs 2021
Grew 298% on revenue, returned to profit
approved 2023-06-08; registry 2023-06-28; journal 2023 529586
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AE FROGNER AS. Revenue 108.9k NOK → 433.8k NOK (+298.3%). Net result -11.4k NOK → +1.81m NOK. Equity 621.1k NOK → 434.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AE FROGNER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 108.9k NOK to 433.8k NOK (+298.3% YoY). Calculated
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Operating result improved
Operating result -16.6k NOK → +2.30m NOK (op. margin -15.2% → 530.0%). Calculated
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Turned profitable
Net result flipped from a loss of 11.4k NOK to a profit of 1.81m NOK. Calculated
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Cash rose
Bank deposits 383.4k NOK → 974.0k NOK (+154.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 621.1k NOK → 434.2k NOK (equity ratio 78.2% → 79.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 11.47× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 32.0k NOK → 6.13m NOK. Reported fact