BORGESTAD ASA: årsregnskap 2022 vs 2021
Grew 988% on revenue, weaker earnings
approved 2023-04-27; registry 2023-08-02; journal 2023 633815
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for BORGESTAD ASA. Revenue 32.0k NOK → 348.0k NOK (+987.5%). Net result -35.22m NOK → -92.55m NOK. Equity 316.71m NOK → 487.8k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for BORGESTAD ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 32.0k NOK to 348.0k NOK (+987.5% YoY). Calculated
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↑
Cash rose
Bank deposits 24.0k NOK → 66.94m NOK (+279064.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -13.44m NOK → -14.82m NOK (op. margin -41996.9% → -4259.5%). Calculated
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↓
Net result weakened
Net result -35.22m NOK → -92.55m NOK (net margin -110075.0% → -26594.5%). Calculated
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↓
Equity eroded
Book equity 316.71m NOK → 487.8k NOK (equity ratio 48413.8% → 0.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 316.71m NOK → 487.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 15 NOK → 6.29m NOK (0% → 1808% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 4.30m NOK → 260.56m NOK (+5963.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 3.73m NOK → 513.48m NOK. Reported fact