AIWELL WATER AS: årsregnskap 2022 vs 2021
Shrank 48% on revenue, stronger earnings, cash halved-plus
approved 2023-10-30; registry 2023-11-23; journal 2023 737855
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AIWELL WATER AS. Revenue 470.1k NOK → 245.8k NOK (-47.7%). Net result -618.6k NOK → -169.5k NOK. Equity -125.5k NOK → 1.36m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AIWELL WATER AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -618.6k NOK → -240.9k NOK (op. margin -131.6% → -98.0%). Calculated
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Net result improved
Net result -618.6k NOK → -169.5k NOK (net margin -131.6% → -68.9%). Calculated
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↑
Equity strengthened
Book equity -125.5k NOK → 1.36m NOK (equity ratio -13.4% → 1531.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 470.1k NOK to 245.8k NOK (-47.7% YoY). Calculated
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↓
Cash fell
Bank deposits 306.1k NOK → 133.3k NOK (-56.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.06× → 0.16× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 936.7k NOK → 589.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 178.4k NOK → 5 550 NOK (-96.9% YoY). Calculated