EQUINOR ASA: årsregnskap 2022 vs 2021
Grew 62% on revenue, stronger earnings
approved 2023-05-10; registry 2023-06-20; journal 2023 469485
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for EQUINOR ASA. Revenue 59.90bn NOK → 96.78bn NOK (+61.6%). Net result +8.16bn NOK → +27.55bn NOK. Equity 37.43bn NOK → 50.91bn NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: paid-in equity reduced; cogs moved; book investments changed. All figures are taken from the published annual accounts for EQUINOR ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 59.90bn NOK to 96.78bn NOK (+61.6% YoY). Calculated
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Operating result improved
Operating result +9.74bn NOK → +28.36bn NOK (op. margin 16.3% → 29.3%). Calculated
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Net result improved
Net result +8.16bn NOK → +27.55bn NOK (net margin 13.6% → 28.5%). Calculated
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Equity strengthened
Book equity 37.43bn NOK → 50.91bn NOK. Calculated
What deteriorated
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Cash fell
Bank deposits 10.85bn NOK → 10.20bn NOK (-5.9% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 4.39bn NOK → 1.14bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS moved
COGS / varekostnad 47.74bn NOK → 64.93bn NOK (+36.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 58.53bn NOK → 72.94bn NOK. Reported fact