NORTH ENERGY ASA: årsregnskap 2022 vs 2021
Grew 63383% on revenue, returned to profit, cash halved-plus
approved 2023-06-01; registry 2023-06-20; journal 2023 485647
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for NORTH ENERGY ASA. Revenue 178 NOK → 113.0k NOK (+63383.1%). Net result -27.83m NOK → +75.30m NOK. Equity 321.30m NOK → 396.6k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for NORTH ENERGY ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 178 NOK to 113.0k NOK (+63383.1% YoY). Calculated
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↑
Operating result improved
Operating result -28.43m NOK → -14.91m NOK (op. margin -15974157.3% → -13193.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 27.83m NOK to a profit of 75.30m NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 321.30m NOK → 396.6k NOK (equity ratio 94.8% → 95.4%). Calculated
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↓
Cash fell
Bank deposits 39.99m NOK → 3.06m NOK (-92.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 15.36× → 0.03× — 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 (39.99m NOK → 3.06m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 9.16m NOK → 9.25m NOK (5148876% → 8188% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 141.4k NOK → 4.46m NOK. Reported fact