NORWEGIAN AIR SHUTTLE ASA: årsregnskap 2022 vs 2021
Shrank 86% on revenue, weaker earnings
approved 2023-04-26; registry 2023-06-22; journal 2023 498749
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for NORWEGIAN AIR SHUTTLE ASA. Revenue 3.95bn NOK → 551.00m NOK (-86.0%). Net result +12.99bn NOK → +62.00m NOK. Equity 11.55bn NOK → 11.54bn NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORWEGIAN AIR SHUTTLE ASA.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 7.29bn NOK → 7.30bn NOK (+0.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.95bn NOK to 551.00m NOK (-86.0% YoY). Calculated
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↓
Operating result weakened
Operating result +2.33bn NOK → -306.00m NOK (op. margin 59.0% → -55.5%). Calculated
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↓
Net result weakened
Net result +12.99bn NOK → +62.00m NOK (net margin 329.3% → 11.3%). Calculated
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↓
Equity eroded
Book equity 11.55bn NOK → 11.54bn NOK (equity ratio 65.4% → 42.9%). Calculated
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↓
COGS moved
COGS / varekostnad 3.85bn NOK → 12.80bn NOK (+232.8% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 28.07bn NOK → 26.28bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 5.87bn NOK → 6.86bn NOK. Reported fact