123HAPPYNOW AS: årsregnskap 2023 vs 2022
Shrank 56% on revenue, weaker earnings, cash halved-plus
approved 2024-05-06; registry 2024-05-11; journal 2024 403400
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 123HAPPYNOW AS. Revenue 265.6k NOK → 116.2k NOK (-56.2%). Net result +182.3k NOK → +83.6k NOK. Equity -572.9k NOK → -489.3k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 123HAPPYNOW AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -572.9k NOK → -489.3k NOK (equity ratio -1826.9% → -5896.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 265.6k NOK to 116.2k NOK (-56.2% YoY). Calculated
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↓
Operating result weakened
Operating result +184.4k NOK → +83.3k NOK (op. margin 69.4% → 71.6%). Calculated
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↓
Net result weakened
Net result +182.3k NOK → +83.6k NOK (net margin 68.7% → 71.9%). Calculated
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↓
Cash fell
Bank deposits 31.4k NOK → 8 080 NOK (-74.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5896.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 5 000 NOK → 0 NOK (-100.0% YoY). Calculated