AK. GRIEG NORGE AS: årsregnskap 2022 vs 2021
Shrank 55% on revenue, slipped into loss, cash halved-plus
approved 2023-03-16; registry 2023-04-17; journal 2023 356587
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AK. GRIEG NORGE AS. Revenue 103.3k NOK → 46.6k NOK (-54.9%). Net result +22.3k NOK → -24.5k NOK. Equity -54.0k NOK → -78.5k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AK. GRIEG NORGE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 103.3k NOK to 46.6k NOK (-54.9% YoY). Calculated
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Operating result weakened
Operating result +20.9k NOK → -25.2k NOK (op. margin 20.2% → -54.1%). Calculated
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Fell into a net loss
Net result flipped from 22.3k NOK profit to a loss of 24.5k NOK. Calculated
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Equity eroded
Book equity -54.0k NOK → -78.5k NOK (equity ratio -15.8% → -52.0%). Calculated
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Cash fell
Bank deposits 313.0k NOK → 122.2k NOK (-61.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -52.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 9 845 NOK → 655 NOK (-93.3% YoY). Calculated