1ST BRANDS AS: årsregnskap 2023 vs 2022
Returned to profit
approved 2024-05-08; registry 2024-07-16; journal 2024 634007
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 1ST BRANDS AS. Revenue 7.29m NOK → 7.34m NOK (+0.7%). Net result -59.8k NOK → +819.7k NOK. Equity -738.8k NOK → 80.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 1ST BRANDS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.29m NOK to 7.34m NOK (+0.7% YoY). Calculated
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↑
Operating result improved
Operating result -20.4k NOK → +1.11m NOK (op. margin -0.3% → 15.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 59.8k NOK to a profit of 819.7k NOK. Calculated
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↑
Equity strengthened
Book equity -738.8k NOK → 80.9k NOK (equity ratio -43.0% → 4.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.07× → 1.08×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 146.7k NOK → 127.0k NOK (-13.4% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 177.2k NOK → 1.93m NOK (+988.7% YoY). Calculated