INSR ASA: årsregnskap 2022 vs 2021
Shrank 98% on revenue, stronger earnings, cash halved-plus
approved 2023-06-28; registry 2023-07-19; journal 2023 587672
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for INSR ASA. Revenue 152.10m NOK → 3.39m NOK (-97.8%). Net result -124.25m NOK → -40.82m NOK. Equity 41.13m NOK → 1.81m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for INSR ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -125.01m NOK → -9.30m NOK (op. margin -82.2% → -273.9%). Calculated
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Net result improved
Net result -124.25m NOK → -40.82m NOK (net margin -81.7% → -1202.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 152.10m NOK to 3.39m NOK (-97.8% YoY). Calculated
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Equity eroded
Book equity 41.13m NOK → 1.81m NOK (equity ratio 6.0% → 2.3%). Calculated
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Cash fell
Bank deposits 84.47m NOK → 24.30m NOK (-71.2% YoY). Calculated
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Payroll up without matching revenue
Salary cost 144.7k NOK → 1.41m NOK (0% → 42% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (84.47m NOK → 24.30m 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 1.77bn NOK → 1.69bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 148 NOK → 228.0k NOK. Reported fact