NORDIC FINANCIALS ASA: årsregnskap 2022 vs 2021
Grew 530% on revenue, slipped into loss, cash halved-plus
approved 2023-04-27; registry 2023-08-14; journal 2023 672804
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for NORDIC FINANCIALS ASA. Revenue 418.8k NOK → 2.64m NOK (+530.4%). Net result +29.99m NOK → -1.97m NOK. Equity 106.19m NOK → 92.08m NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for NORDIC FINANCIALS ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 418.8k NOK to 2.64m NOK (+530.4% YoY). Calculated
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Owners injected capital
Paid-in equity rose 136.23m NOK → 141.23m NOK (+5.00m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -6.23m NOK → -6.45m NOK (op. margin -1486.7% → -244.3%). Calculated
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Fell into a net loss
Net result flipped from 29.99m NOK profit to a loss of 1.97m NOK. Calculated
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↓
Equity eroded
Book equity 106.19m NOK → 92.08m NOK (equity ratio 98.6% → 74.5%). Calculated
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↓
Cash fell
Bank deposits 24.16m NOK → 3.46m NOK (-85.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (24.16m NOK → 3.46m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 5 NOK → 5.50m NOK (0% → 208% of revenue). Calculated
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Book investments changed
Investment / intangible book value 30.00m NOK → 13 NOK. Reported fact