MORROW BATTERIES ASA: årsregnskap 2022 vs 2021
Grew 1086% on revenue, weaker earnings, cash halved-plus
approved 2023-05-12; registry 2023-06-21; journal 2023 494099
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for MORROW BATTERIES ASA. Revenue 4.62m NOK → 54.87m NOK (+1086.3%). Net result -37.31m NOK → -74.75m NOK. Equity 249.70m NOK → 1.16m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; 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 MORROW BATTERIES ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.62m NOK to 54.87m NOK (+1086.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -49.26m NOK → -119.87m NOK (op. margin -1065.0% → -218.5%). Calculated
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↓
Net result weakened
Net result -37.31m NOK → -74.75m NOK (net margin -806.7% → -136.2%). Calculated
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↓
Equity eroded
Book equity 249.70m NOK → 1.16m NOK (equity ratio 92.9% → 92.4%). Calculated
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↓
Cash fell
Bank deposits 205.19m NOK → 339.9k NOK (-99.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 13.26× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (205.19m NOK → 339.9k 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 293.74m NOK → 1.28m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 30.39m NOK → 363.43m NOK. Reported fact