2040 NORWAY AS: årsregnskap 2023 vs 2022
Grew 24% on revenue, slipped into loss
approved 2024-07-08; registry 2024-07-10; journal 2024 625839
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 2040 NORWAY AS. Revenue 84.1k NOK → 104.4k NOK (+24.1%). Net result +2 066 NOK → -35.8k NOK. Equity 32.1k NOK → -3 736 NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 2040 NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 84.1k NOK to 104.4k NOK (+24.1% YoY). Calculated
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↑
Cash rose
Bank deposits 10.4k NOK → 19.1k NOK (+83.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +2 665 NOK → -34.6k NOK (op. margin 3.2% → -33.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 2 066 NOK profit to a loss of 35.8k NOK. Calculated
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↓
Equity eroded
Book equity 32.1k NOK → -3 736 NOK (equity ratio 95.0% → -19.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 19.95× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -19.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 13.4k NOK → 28.0k NOK (+108.6% YoY). Calculated