NORGESGRUPPEN ASA: årsregnskap 2022 vs 2021
Grew 99807% on revenue, weaker earnings, cash halved-plus
approved 2023-03-21; registry 2023-07-12; journal 2023 563441
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for NORGESGRUPPEN ASA. Revenue 512.8k NOK → 512.35m NOK (+99806.6%). Net result +848.84m NOK → +909.6k NOK. Equity 12.36bn NOK → 12.52bn NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for NORGESGRUPPEN ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 512.8k NOK to 512.35m NOK (+99806.6% YoY). Calculated
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↑
Equity strengthened
Book equity 12.36bn NOK → 12.52bn NOK (equity ratio 40.0% → 42.1%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -119.80m NOK → -162.32m NOK (op. margin -23359.7% → -31.7%). Calculated
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↓
Net result weakened
Net result +848.84m NOK → +909.6k NOK (net margin 165519.4% → 0.2%). Calculated
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↓
Cash fell
Bank deposits 1.46bn NOK → 319.60m NOK (-78.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.46bn NOK → 319.60m 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 1.82bn NOK → 1.82bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 3.26m NOK → 3.27m NOK (636% → 1% of revenue). Calculated
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COGS fell
COGS / varekostnad 76.46bn NOK → 75.60bn NOK (-1.1% YoY). Calculated