NORDIC MINING ASA: årsregnskap 2022 vs 2021
Returned to profit
approved 2023-05-25; registry 2023-07-24; journal 2023 604443
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for NORDIC MINING ASA. Revenue 9.91m NOK → 9.72m NOK (-1.9%). Net result -5.17m NOK → +399.46m NOK. Equity 11.47m NOK → 9.87m NOK.
On the constructive side: turned profitable; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORDIC MINING ASA.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 5.17m NOK to a profit of 399.46m NOK. Calculated
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↑
Cash rose
Bank deposits 29.64m NOK → 132.32m NOK (+346.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 11.24m NOK → 9.63m NOK (113% → 99% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.91m NOK to 9.72m NOK (-1.9% YoY). Calculated
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↓
Operating result weakened
Operating result -8.34m NOK → -8.83m NOK (op. margin -84.1% → -90.8%). Calculated
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↓
Equity eroded
Book equity 11.47m NOK → 9.87m NOK (equity ratio 2427.9% → 970.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 8.17× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 467.43m NOK → 474.9k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 12.19m NOK → 11 NOK. Reported fact