VOW ASA: årsregnskap 2022 vs 2021
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2023-05-22; registry 2023-06-28; journal 2023 515606
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for VOW ASA. Revenue 454.09m NOK → 782.8k NOK (-99.8%). Net result +319.15m NOK → +14.40m NOK. Equity 649.1k NOK → 604.87m NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for VOW ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 649.1k NOK → 604.87m NOK (equity ratio 78.8% → 65495.8%). Calculated
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↑
Owners injected capital
Paid-in equity rose 627.6k NOK → 609.15m NOK (+608.53m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 454.09m NOK to 782.8k NOK (-99.8% YoY). Calculated
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↓
Operating result weakened
Operating result -22.60m NOK → -27.01m NOK (op. margin -5.0% → -3449.9%). Calculated
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↓
Net result weakened
Net result +319.15m NOK → +14.40m NOK (net margin 70.3% → 1839.2%). Calculated
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↓
Cash fell
Bank deposits 123.21m NOK → 10.77m NOK (-91.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 13.88× → 0.07× — 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 (123.21m NOK → 10.77m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 498.1k NOK → 889.9k NOK. Reported fact