AKVA GROUP ASA: årsregnskap 2022 vs 2021
Shrank 5% on revenue, stronger earnings, cash halved-plus
approved 2023-03-14; registry 2023-07-22; journal 2023 591430
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AKVA GROUP ASA. Revenue 1.13bn NOK → 1.07bn NOK (-5.3%). Net result -93.88m NOK → -5.19m NOK. Equity 1.22bn NOK → 1.17bn NOK.
On the constructive side: net result improved; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AKVA GROUP ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result -93.88m NOK → -5.19m NOK (net margin -8.3% → -0.5%). Calculated
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Current ratio back above 1×
Current ratio 0.87× → 1.07×. Calculated
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Payroll decreased
Salary cost 4.19m NOK → 3.88m NOK (0% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.13bn NOK to 1.07bn NOK (-5.3% YoY). Calculated
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Operating result weakened
Operating result -127.36m NOK → -184.17m NOK (op. margin -11.3% → -17.2%). Calculated
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Equity eroded
Book equity 1.22bn NOK → 1.17bn NOK (equity ratio 46.7% → 45.1%). Calculated
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Cash fell
Bank deposits 184.03m NOK → 32.90m NOK (-82.1% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (184.03m NOK → 32.90m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 1.64bn NOK → 1.60bn NOK. Reported fact