SCANA ASA: årsregnskap 2022 vs 2021
Grew 75% on revenue, slipped into loss, cash halved-plus
approved 2023-06-08; registry 2023-08-17; journal 2023 686698
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for SCANA ASA. Revenue 8.99m NOK → 15.77m NOK (+75.5%). Net result +56.13m NOK → -15.25m NOK. Equity 260.4k NOK → 680.8k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: fell into a net loss; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for SCANA ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 8.99m NOK to 15.77m NOK (+75.5% YoY). Calculated
-
↑
Operating result improved
Operating result -16.66m NOK → -16.50m NOK (op. margin -185.4% → -104.6%). Calculated
-
↑
Equity strengthened
Book equity 260.4k NOK → 680.8k NOK (equity ratio 60.1% → 0.1%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.47× → 1.51×. Calculated
What deteriorated
-
↓
Fell into a net loss
Net result flipped from 56.13m NOK profit to a loss of 15.25m NOK. Calculated
-
↓
Cash fell
Bank deposits 26.81m NOK → 0 NOK (-100.0% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (26.81m NOK → 0 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 107.51m NOK → 539.3k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 29438198000.17bn NOK → 20 NOK (-100.0% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 323.8k NOK → 921.7k NOK. Reported fact