ZALARIS ASA: årsregnskap 2022 vs 2021
Weaker earnings, cash halved-plus
approved 2023-05-23; registry 2023-06-20; journal 2023 485943
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ZALARIS ASA. Revenue 144.1k NOK → 149.8k NOK (+4.0%). Net result -4.84m NOK → -63.04m NOK. Equity 95.99m NOK → 16.27m NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: net result weakened; equity eroded; 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 ZALARIS ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 144.1k NOK to 149.8k NOK (+4.0% YoY). Calculated
-
↑
Operating result improved
Operating result -41.98m NOK → -41.05m NOK (op. margin -29140.9% → -27401.9%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.00× → 375.08×. Calculated
-
↑
Payroll decreased
Salary cost 36.45m NOK → 28.82m NOK (25300% → 19237% of revenue). Calculated
What deteriorated
-
↓
Net result weakened
Net result -4.84m NOK → -63.04m NOK (net margin -3356.9% → -42085.9%). Calculated
-
↓
Equity eroded
Book equity 95.99m NOK → 16.27m NOK (equity ratio 15943.8% → 3.0%). Calculated
-
↓
Cash fell
Bank deposits 148.47m NOK → 58.15m NOK (-60.8% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 3.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (148.47m NOK → 58.15m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 164.19m NOK → 155.07m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 273.62m NOK → 277.2k NOK. Reported fact