1891 HOLDING AS: årsregnskap 2023 vs 2022
Shrank 47% on revenue, stronger earnings
approved 2024-06-07; registry 2024-06-20; journal 2024 499431
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 1891 HOLDING AS. Revenue 690.5k NOK → 367.5k NOK (-46.8%). Net result +4.62m NOK → +56.77m NOK. Equity 61.98m NOK → 118.75m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 1891 HOLDING AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +4.62m NOK → +56.77m NOK (net margin 669.7% → 15448.5%). Calculated
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Equity strengthened
Book equity 61.98m NOK → 118.75m NOK (equity ratio 82.9% → 100.0%). Calculated
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Cash rose
Bank deposits 2.39m NOK → 26.89m NOK (+1025.7% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 690.5k NOK to 367.5k NOK (-46.8% YoY). Calculated
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Operating result weakened
Operating result +118.5k NOK → -5.91m NOK (op. margin 17.2% → -1609.2%). Calculated
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Current ratio dropped below 1×
Current ratio 93.49× → -2456.53× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 14.87m NOK → 7.76m NOK. Reported fact