+ ARK AS: årsregnskap 2022 vs 2021
Weaker earnings
approved 2023-03-02; registry 2023-04-22; journal 2023 363696
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for + ARK AS. Revenue 1.20m NOK → 1.17m NOK (-2.7%). Net result +149.9k NOK → +92.4k NOK. Equity 967.8k NOK → 60.1k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for + ARK AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.20m NOK to 1.17m NOK (-2.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +188.2k NOK → +113.3k NOK (op. margin 15.7% → 9.7%). Calculated
-
↓
Net result weakened
Net result +149.9k NOK → +92.4k NOK (net margin 12.5% → 7.9%). Calculated
-
↓
Equity eroded
Book equity 967.8k NOK → 60.1k NOK (equity ratio 78.1% → 4.5%). Calculated
-
↓
Cash fell
Bank deposits 696.6k NOK → 487.5k NOK (-30.0% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 5 900 NOK → 780 NOK (-86.8% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 500.0k NOK → 800 NOK. Reported fact