Org.nr 886 581 432 2021 → 2022 Year-over-year analysis

AKER ASA: årsregnskap 2022 vs 2021

Grew 188% on revenue, weaker earnings, cash halved-plus

approved 2023-04-21; registry 2023-06-01; journal 2023 416125

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for AKER ASA. Revenue 9.17bn NOK → 26.41bn NOK (+188.1%). Net result +3.47bn NOK → +2.22bn NOK. Equity 24.04bn NOK → 24.06bn NOK.

On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; cash fell.

Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for AKER ASA.

Scorecard

Revenue
9.17bn NOK 26.41bn NOK
+188.1%
Operating result
-312.00m NOK -356.00m NOK
-14.1%
Net result
+3.47bn NOK +2.22bn NOK
-36.2%
Equity
24.04bn NOK 24.06bn NOK
+0.1%
Cash
105.00m NOK 259.0k NOK
-99.8%
Total assets
32.46bn NOK 34.39bn NOK
+6.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.17bn NOK to 26.41bn NOK (+188.1% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 24.04bn NOK → 24.06bn NOK (equity ratio 74.1% → 69.9%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 2.33bn NOK → 2.33bn NOK (+5.00m NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -312.00m NOK → -356.00m NOK (op. margin -3.4% → -1.3%). Calculated

  • ↓

    Net result weakened

    Net result +3.47bn NOK → +2.22bn NOK (net margin 37.9% → 8.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 105.00m NOK → 259.0k NOK (-99.8% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.44× → 0.26× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (105.00m NOK → 259.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Payroll increased

    Salary cost 2.50bn NOK → 3.42bn NOK (27% → 13% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 3.30m NOK → 6.98bn NOK (+211634.4% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 29.24bn NOK → 34.00bn NOK. Reported fact