1.618 GROUP AS: årsregnskap 2023 vs 2022
Grew 68158% on revenue, stronger earnings
approved 2024-07-31; registry 2024-08-27; journal 2024 737765
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 1.618 GROUP AS. Revenue 3 019 NOK → 2.06m NOK (+68158.0%). Net result -257.9k NOK → -46.3k NOK. Equity -269.6k NOK → -302.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 1.618 GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3 019 NOK to 2.06m NOK (+68158.0% YoY). Calculated
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Operating result improved
Operating result -249.6k NOK → -40.5k NOK (op. margin -8268.7% → -2.0%). Calculated
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↑
Net result improved
Net result -257.9k NOK → -46.3k NOK (net margin -8541.2% → -2.2%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -269.6k NOK → -302.4k NOK (equity ratio -21.6% → -29.5%). Calculated
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↓
Cash fell
Bank deposits 191.6k NOK → 106.9k NOK (-44.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 758.26× → 0.70× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -29.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4 596 NOK → 528.0k NOK (152% → 26% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 997.0k NOK → 176.1k NOK (-82.3% YoY). Calculated