HOMECO ASA: årsregnskap 2022 vs 2021
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2023-05-11; registry 2023-07-26; journal 2023 606358
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for HOMECO ASA. Revenue 2.58bn NOK → 0 NOK (-100.0%). Net result +87.00m NOK → -52.01m NOK. Equity 14.67bn NOK → 619.21m NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for HOMECO ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -1.84m NOK → -1.16m NOK. Calculated
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↑
Payroll decreased
Salary cost 3.44bn NOK → 551.29m NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.58bn NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 87.00m NOK profit to a loss of 52.01m NOK. Calculated
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↓
Equity eroded
Book equity 14.67bn NOK → 619.21m NOK (equity ratio 1311.4% → 52.7%). Calculated
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↓
Cash fell
Bank deposits 24.17m NOK → 3.34m NOK (-86.2% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 1.36bn NOK → 1.69bn NOK (+24.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (24.17m NOK → 3.34m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 479.28m NOK → 479.28m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 266.0k NOK → 930.60m NOK. Reported fact