1018 DESIGN AS: årsregnskap 2023 vs 2022
Shrank 35% on revenue, slipped into loss
approved 2024-02-05; registry 2024-02-29; journal 2024 315511
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 1018 DESIGN AS. Revenue 509.1k NOK → 329.9k NOK (-35.2%). Net result +76.1k NOK → -84.4k NOK. Equity 255.2k NOK → 170.8k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 1018 DESIGN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 509.1k NOK to 329.9k NOK (-35.2% YoY). Calculated
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Operating result weakened
Operating result +97.9k NOK → -86.3k NOK (op. margin 19.2% → -26.2%). Calculated
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Fell into a net loss
Net result flipped from 76.1k NOK profit to a loss of 84.4k NOK. Calculated
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Equity eroded
Book equity 255.2k NOK → 170.8k NOK (equity ratio 71.7% → 74.8%). Calculated
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Cash fell
Bank deposits 65.4k NOK → 54.3k NOK (-17.0% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 5 150 NOK → 150.0k NOK. Reported fact