10/10 TEKSTILTRYKKERI AS: årsregnskap 2023 vs 2022
Grew 40% on revenue, weaker earnings
approved 2024-08-07; registry 2024-08-10; journal 2024 723233
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 10/10 TEKSTILTRYKKERI AS. Revenue 6.78m NOK → 9.50m NOK (+40.2%). Net result -342.3k NOK → -1.10m NOK. Equity -498.3k NOK → -1.60m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 10/10 TEKSTILTRYKKERI AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.78m NOK to 9.50m NOK (+40.2% YoY). Calculated
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↑
Cash rose
Bank deposits 23 NOK → 34.9k NOK (+151452.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -342.3k NOK → -1.03m NOK (op. margin -5.1% → -10.8%). Calculated
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↓
Net result weakened
Net result -342.3k NOK → -1.10m NOK (net margin -5.1% → -11.6%). Calculated
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↓
Equity eroded
Book equity -498.3k NOK → -1.60m NOK (equity ratio -62.2% → -241.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.81× → 0.00× — 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 -241.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2.56m NOK → 4.61m NOK (38% → 49% of revenue). Calculated
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COGS moved
COGS / varekostnad 2.88m NOK → 3.50m NOK (+21.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 0 NOK → 80.0k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 7 → 10. Reported fact