OTELLO CORPORATION ASA: årsregnskap 2022 vs 2021
Returned to profit, cash halved-plus
approved 2023-06-01; registry 2023-07-01; journal 2023 528194
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for OTELLO CORPORATION ASA. Revenue 0 NOK → 200.0k NOK. Net result -15.20m NOK → +20.30m NOK. Equity 258.00m NOK → 26.20m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for OTELLO CORPORATION ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 200.0k NOK. Calculated
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↑
Operating result improved
Operating result -7.90m NOK → -3.80m NOK. Calculated
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↑
Turned profitable
Net result flipped from a loss of 15.20m NOK to a profit of 20.30m NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 258.00m NOK → 26.20m NOK (equity ratio 73.0% → 24.1%). Calculated
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↓
Cash fell
Bank deposits 78.10m NOK → 15.00m NOK (-80.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (78.10m NOK → 15.00m 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 150.70m NOK → 115.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 900.0k NOK → 11.8k NOK. Reported fact