FJORD DEFENCE GROUP ASA: årsregnskap 2022 vs 2021
Shrank 83% on revenue, weaker earnings
approved 2023-05-24; registry 2023-06-20; journal 2023 472737
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for FJORD DEFENCE GROUP ASA. Revenue 4.93m NOK → 819.0k NOK (-83.4%). Net result +13.94m NOK → +3.77m NOK. Equity 44.06m NOK → 42.61m NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for FJORD DEFENCE GROUP ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -10.10m NOK → +9.72m NOK (op. margin -204.9% → 1186.3%). Calculated
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Cash rose
Bank deposits 732 NOK → 911.0k NOK (+124353.6% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.93m NOK to 819.0k NOK (-83.4% YoY). Calculated
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Net result weakened
Net result +13.94m NOK → +3.77m NOK (net margin 282.8% → 460.0%). Calculated
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Equity eroded
Book equity 44.06m NOK → 42.61m NOK (equity ratio 97.0% → 87.2%). Calculated
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Payroll up without matching revenue
Salary cost 2.99m NOK → 4.96m NOK (61% → 605% of revenue). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 79.91m NOK → 79.42m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 1.04m NOK → -208.0k NOK (-120.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 9.46m NOK → 33.35m NOK. Reported fact