123 LANDBRUK AS: årsregnskap 2023 vs 2022
Shrank 20% on revenue, weaker earnings
approved 2024-06-19; registry 2024-06-22; journal 2024 533212
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 123 LANDBRUK AS. Revenue 994.8k NOK → 799.9k NOK (-19.6%). Net result +289.3k NOK → +161.9k NOK. Equity 815.9k NOK → 977.9k NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 123 LANDBRUK AS.
At a glance
Scorecard
What improved
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Equity strengthened
Book equity 815.9k NOK → 977.9k NOK (equity ratio 28.6% → 23.0%). Calculated
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Cash rose
Bank deposits 125.5k NOK → 239.5k NOK (+90.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.43× → 1.87×. Calculated
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Payroll decreased
Salary cost 30.7k NOK → 0 NOK (3% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 994.8k NOK to 799.9k NOK (-19.6% YoY). Calculated
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↓
Operating result weakened
Operating result +381.4k NOK → +226.4k NOK (op. margin 38.3% → 28.3%). Calculated
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↓
Net result weakened
Net result +289.3k NOK → +161.9k NOK (net margin 29.1% → 20.2%). Calculated
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↓
COGS moved
COGS / varekostnad 395.0k NOK → 691.8k NOK (+75.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 150.0k NOK → 0 NOK. Reported fact