Org.nr 811 599 492 2022 → 2023 Year-over-year analysis

2Ø SERVICE AS: årsregnskap 2023 vs 2022

Weaker earnings, cash halved-plus

registry 2024-06-05; journal 2024 487471

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for 2Ø SERVICE AS. Net result -15.5k NOK → -27.5k NOK. Equity 14.9k NOK → -12.5k NOK.

Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2Ø SERVICE AS.

At a glance

Revenue

66.1k NOK n/m

—

Operating result

-20.0k NOK -31.1k NOK

-55.5%

Net result

-15.5k NOK -27.5k NOK

-77.5%

Equity

14.9k NOK -12.5k NOK

-184.0%

Cash

11.9k NOK 3 479 NOK

-70.7%

Total assets

57.8k NOK 28.6k NOK

-50.5%

↓
Operating result weakened

Operating result -20.0k NOK → -31.1k NOK. Calculated
↓
Net result weakened

Net result -15.5k NOK → -27.5k NOK. Calculated
↓
Equity eroded

Book equity 14.9k NOK → -12.5k NOK (equity ratio 25.8% → -43.8%). Calculated
↓
Cash fell

Bank deposits 11.9k NOK → 3 479 NOK (-70.7% YoY). Calculated

·
Thin equity buffer

Equity ratio is -43.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation