2018 EIENDOM AS: årsregnskap 2023 vs 2022
Grew 8% on revenue, cash halved-plus
approved 2024-04-26; registry 2024-05-08; journal 2024 400829
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 2018 EIENDOM AS. Revenue 1.84m NOK → 1.99m NOK (+7.9%). Net result +853.4k NOK → +710.0k NOK. Equity 3.09m NOK → 2.31m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 2018 EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.84m NOK to 1.99m NOK (+7.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.19m NOK → +1.04m NOK (op. margin 64.6% → 52.6%). Calculated
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↓
Net result weakened
Net result +853.4k NOK → +710.0k NOK (net margin 46.3% → 35.7%). Calculated
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↓
Equity eroded
Book equity 3.09m NOK → 2.31m NOK (equity ratio 27.0% → 19.3%). Calculated
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↓
Cash fell
Bank deposits 1.87m NOK → 568.3k NOK (-69.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.45× → 0.51× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.87m NOK → 568.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 2.01m NOK. Reported fact