NOFENCE AS: årsregnskap 2022 vs 2021
Weaker earnings, fresh owner capital
approved 2023-06-16; registry 2023-07-15; journal 2023 581221
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for NOFENCE AS. Revenue 61.40m NOK → 60.50m NOK (-1.5%). Net result -20.94m NOK → -26.09m NOK. Equity 91.63m NOK → 198.67m NOK.
On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for NOFENCE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 91.63m NOK → 198.67m NOK (equity ratio 74.5% → 80.7%). Calculated
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↑
Cash rose
Bank deposits 843.4k NOK → 107.73m NOK (+12674.4% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 142.07m NOK → 279.19m NOK (+137.12m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 61.40m NOK to 60.50m NOK (-1.5% YoY). Calculated
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↓
Operating result weakened
Operating result -26.62m NOK → -32.60m NOK (op. margin -43.4% → -53.9%). Calculated
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↓
Net result weakened
Net result -20.94m NOK → -26.09m NOK (net margin -34.1% → -43.1%). Calculated
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↓
Payroll up without matching revenue
Salary cost 13.25m NOK → 19.78m NOK (22% → 33% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 56.25m NOK → 48.93m NOK (-13.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 9 351 NOK → 13.20m NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 23 → 34. Reported fact