AXACTOR ASA: årsregnskap 2022 vs 2021
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2023-05-03; registry 2023-07-29; journal 2023 618549
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AXACTOR ASA. Revenue 10.52bn NOK → 11.24m NOK (-99.9%). Net result -16.40bn NOK → -14.95m NOK. Equity 359.90m NOK → 355.05m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for AXACTOR ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -3.80bn NOK → -4.55m NOK (op. margin -36.1% → -40.5%). Calculated
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Net result improved
Net result -16.40bn NOK → -14.95m NOK (net margin -155.9% → -133.0%). Calculated
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Payroll decreased
Salary cost 4.92bn NOK → 5.80m NOK (47% → 52% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.52bn NOK to 11.24m NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 359.90m NOK → 355.05m NOK (equity ratio 41.1% → 43.6%). Calculated
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↓
Cash fell
Bank deposits 4.58bn NOK → 4.47m NOK (-99.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.58bn NOK → 4.47m 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 376.54m NOK → 360.59m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 822.59m NOK → 761.20m NOK. Reported fact