1EARTH HOLDING AS: årsregnskap 2023 vs 2022
Shrank 85% on revenue, weaker earnings
registry 2024-06-27; journal 2024 556059
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 1EARTH HOLDING AS. Revenue 421.8k NOK → 62.5k NOK (-85.2%). Net result +26.5k NOK → +15.4k NOK. Equity -31.2k NOK → -15.8k NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. 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 1EARTH HOLDING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -31.2k NOK → -15.8k NOK. Calculated
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↑
Cash rose
Bank deposits 803 NOK → 257.8k NOK (+32005.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 192.9k NOK → -1 345 NOK (46% → -2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 421.8k NOK to 62.5k NOK (-85.2% YoY). Calculated
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↓
Operating result weakened
Operating result +26.4k NOK → +15.6k NOK (op. margin 6.3% → 25.0%). Calculated
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↓
Net result weakened
Net result +26.5k NOK → +15.4k NOK (net margin 6.3% → 24.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -93.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 103.6k NOK → 21.4k NOK (-79.3% YoY). Calculated