2TEX AS: årsregnskap 2023 vs 2022
Weaker earnings, cash halved-plus
approved 2024-04-22; registry 2024-05-28; journal 2024 386900
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 2TEX AS. Net result +50.27m NOK → +68.4k NOK. Equity 15.19m NOK → 14.48m NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for 2TEX AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -146.9k NOK → -240.1k NOK. Calculated
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↓
Net result weakened
Net result +50.27m NOK → +68.4k NOK. Calculated
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↓
Equity eroded
Book equity 15.19m NOK → 14.48m NOK (equity ratio 99.6% → 94.0%). Calculated
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↓
Cash fell
Bank deposits 15.15m NOK → 2.18m NOK (-85.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (15.15m NOK → 2.18m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 57.0k NOK → 65.8k NOK. Calculated
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·
Book investments changed
Investment / intangible book value 4 506 NOK → 6 NOK. Reported fact