14SAFETY AS: årsregnskap 2023 vs 2022
Shrank 9% on revenue, weaker earnings, cash halved-plus
approved 2024-06-12; registry 2024-06-15; journal 2024 509437
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 14SAFETY AS. Revenue 775.4k NOK → 705.8k NOK (-9.0%). Net result -77.4k NOK → -100.5k NOK. Equity 138.7k NOK → 38.2k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 14SAFETY AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 775.4k NOK to 705.8k NOK (-9.0% YoY). Calculated
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Operating result weakened
Operating result -80.4k NOK → -99.9k NOK (op. margin -10.4% → -14.2%). Calculated
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↓
Net result weakened
Net result -77.4k NOK → -100.5k NOK (net margin -10.0% → -14.2%). Calculated
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↓
Equity eroded
Book equity 138.7k NOK → 38.2k NOK (equity ratio 93.4% → 53.1%). Calculated
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↓
Cash fell
Bank deposits 98.2k NOK → 12.5k NOK (-87.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 699.7k NOK → 672.9k NOK (-3.8% YoY). Calculated