DNO ASA: årsregnskap 2022 vs 2021
Grew 13% on revenue, weaker earnings
approved 2023-05-25; registry 2023-07-22; journal 2023 595432
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for DNO ASA. Revenue 24.19m NOK → 27.45m NOK (+13.5%). Net result +222.14m NOK → +385.0k NOK. Equity 11.32m NOK → 11.64m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for DNO ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 24.19m NOK to 27.45m NOK (+13.5% YoY). Calculated
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↑
Equity strengthened
Book equity 11.32m NOK → 11.64m NOK (equity ratio 0.9% → 0.9%). Calculated
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↑
Cash rose
Bank deposits 515.0k NOK → 641.0k NOK (+24.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -11.55m NOK → -12.83m NOK (op. margin -47.8% → -46.8%). Calculated
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↓
Net result weakened
Net result +222.14m NOK → +385.0k NOK (net margin 918.3% → 1.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 280.68m NOK → 377.5k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 694.17m NOK → 629.68m NOK. Reported fact