NORWEGIAN PROPERTY ASA: årsregnskap 2022 vs 2021
Returned to profit
approved 2023-04-21; registry 2023-06-05; journal 2023 419355
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for NORWEGIAN PROPERTY ASA. Revenue 50.90m NOK → 53.30m NOK (+4.7%). Net result -52.90m NOK → +144.70m NOK. Equity 3.02bn NOK → 2.84bn NOK.
On the constructive side: revenue rose; turned profitable. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: paid-in equity reduced; payroll increased; book investments changed. All figures are taken from the published annual accounts for NORWEGIAN PROPERTY ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 50.90m NOK to 53.30m NOK (+4.7% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 52.90m NOK to a profit of 144.70m NOK. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -56.60m NOK → -64.90m NOK (op. margin -111.2% → -121.8%). Calculated
-
↓
Equity eroded
Book equity 3.02bn NOK → 2.84bn NOK (equity ratio 19.6% → 18.6%). Calculated
-
↓
Cash fell
Bank deposits 290.80m NOK → 159.70m NOK (-45.1% YoY). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 3.02bn NOK → 2.84bn NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Payroll increased
Salary cost 81.20m NOK → 92.80m NOK (160% → 174% of revenue). Calculated
-
·
Book investments changed
Investment / intangible book value 5.00bn NOK → 6.36bn NOK. Reported fact