FirmaIQ
Org.nr 913 422 082 2021 → 2022 Year-over-year analysis

ALGINOR ASA: årsregnskap 2022 vs 2021

Stronger earnings, cash halved-plus

approved 2023-06-30; registry 2023-08-01; journal 2023 628921

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ALGINOR ASA. Revenue 689.4k NOK → 689.4k NOK (0.0%). Net result -16.06m NOK → -12.75m NOK. Equity 404.31m NOK → 396.78m NOK.

On the constructive side: net result improved. Pressures included: operating result weakened; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ALGINOR ASA.

At a glance

Scorecard

Revenue
689.4k NOK 689.4k NOK
0.0%
Operating result
-10.96m NOK -13.53m NOK
-23.5%
Net result
-16.06m NOK -12.75m NOK
+20.6%
Equity
404.31m NOK 396.78m NOK
-1.9%
Cash
107.95m NOK 16.78m NOK
-84.5%
Total assets
424.69m NOK 411.44m NOK
-3.1%

What improved

  • ↑

    Net result improved

    Net result -16.06m NOK → -12.75m NOK (net margin -2329.8% → -1850.0%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -10.96m NOK → -13.53m NOK (op. margin -1589.7% → -1963.1%). Calculated

  • ↓

    Equity eroded

    Book equity 404.31m NOK → 396.78m NOK (equity ratio 95.2% → 96.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 107.95m NOK → 16.78m NOK (-84.5% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 4.06m NOK → 8.63m NOK (588% → 1252% of revenue). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (107.95m NOK → 16.78m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 404.31m NOK → 396.78m NOK — check capital reduction, conversion, or reclassification. Interpretation