AKER OFFSHORE WIND OPERATING COMPANY AS: årsregnskap 2022 vs 2021
Grew 246% on revenue, cash halved-plus, fresh owner capital
approved 2023-06-23; registry 2023-08-01; journal 2023 633039
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AKER OFFSHORE WIND OPERATING COMPANY AS. Revenue 8.43m NOK → 29.14m NOK (+245.6%). Net result -261.69m NOK → -230.15m NOK. Equity 14.84bn NOK → 13 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for AKER OFFSHORE WIND OPERATING COMPANY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 8.43m NOK to 29.14m NOK (+245.6% YoY). Calculated
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Operating result improved
Operating result -259.20m NOK → -230.59m NOK (op. margin -3073.2% → -791.2%). Calculated
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Net result improved
Net result -261.69m NOK → -230.15m NOK (net margin -3102.8% → -789.7%). Calculated
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Owners injected capital
Paid-in equity rose 1.15bn NOK → 1.70bn NOK (+545.79m NOK). Reported fact
What deteriorated
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Equity eroded
Book equity 14.84bn NOK → 13 NOK (equity ratio 1648.2% → 0.0%). Calculated
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Cash fell
Bank deposits 140.55m NOK → 31.74m NOK (-77.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (140.55m NOK → 31.74m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 70.30m NOK → 17.11bn NOK (834% → 58711% of revenue). Calculated
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COGS fell
COGS / varekostnad 209.0k NOK → 204.0k NOK (-2.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 708.7k NOK → 1.09m NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 41 → 64. Reported fact