10FOLD AS: årsregnskap 2023 vs 2022
Shrank 68% on revenue, stronger earnings, cash halved-plus
approved 2024-05-24; registry 2024-07-01; journal 2024 573895
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 10FOLD AS. Revenue 1.25m NOK → 394.7k NOK (-68.4%). Net result +1 099 NOK → +42.9k NOK. Equity 60.8k NOK → 103.7k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 10FOLD AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +1 081 NOK → +42.9k NOK (op. margin 0.1% → 10.9%). Calculated
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↑
Net result improved
Net result +1 099 NOK → +42.9k NOK (net margin 0.1% → 10.9%). Calculated
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↑
Equity strengthened
Book equity 60.8k NOK → 103.7k NOK (equity ratio 15.6% → 70.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.25m NOK to 394.7k NOK (-68.4% YoY). Calculated
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↓
Cash fell
Bank deposits 371.6k NOK → 142.6k NOK (-61.6% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.93m NOK → 3.14m NOK (235% → 796% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 10.0k NOK → 0 NOK (-100.0% YoY). Calculated