ELOPAK ASA: årsregnskap 2022 vs 2021
Shrank 100% on revenue, stronger earnings
approved 2023-05-11; registry 2023-06-20; journal 2023 482744
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ELOPAK ASA. Revenue 532.33m NOK → 574.6k NOK (-99.9%). Net result +1.43m NOK → +23.52m NOK. Equity 168.9k NOK → 163.81m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ELOPAK ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -18.14m NOK → -17.50m NOK (op. margin -3.4% → -3045.2%). Calculated
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Net result improved
Net result +1.43m NOK → +23.52m NOK (net margin 0.3% → 4092.7%). Calculated
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Equity strengthened
Book equity 168.9k NOK → 163.81m NOK (equity ratio 0.0% → 23581.6%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 532.33m NOK to 574.6k NOK (-99.9% YoY). Calculated
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Cash fell
Bank deposits 18.00m NOK → 14.98m NOK (-16.8% YoY). Calculated
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Payroll up without matching revenue
Salary cost 7.17m NOK → 8.18m NOK (1% → 1423% of revenue). Calculated
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COGS moved
COGS / varekostnad 458.5k NOK → 508.8k NOK (+11.0% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 120.26m NOK → 120.11m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 299.41m NOK → 414.7k NOK. Reported fact