AKER PROPERTY GROUP AS: årsregnskap 2022 vs 2021
Shrank 32% on revenue, cash halved-plus
approved 2023-04-26; registry 2023-07-31; journal 2023 628592
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AKER PROPERTY GROUP AS. Revenue 10.74m NOK → 7.26m NOK (-32.4%). Net result -138.20m NOK → -117.17m NOK. Equity 16.63bn NOK → 9.51bn NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AKER PROPERTY GROUP AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -138.20m NOK → -117.17m NOK (net margin -1286.5% → -1613.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.74m NOK to 7.26m NOK (-32.4% YoY). Calculated
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↓
Operating result weakened
Operating result -21.59m NOK → -23.96m NOK (op. margin -201.0% → -329.9%). Calculated
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↓
Equity eroded
Book equity 16.63bn NOK → 9.51bn NOK (equity ratio 1562.0% → 918.8%). Calculated
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↓
Cash fell
Bank deposits 39.95m NOK → 13.48m NOK (-66.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.55× → 0.17× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (39.95m NOK → 13.48m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 571.22m NOK → 512.40m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 4.73m NOK → 1.81m NOK (-61.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 980.28m NOK → 10 NOK. Reported fact