4 REAL AS: årsregnskap 2023 vs 2022
Grew 46% on revenue, stronger earnings, cash halved-plus
approved 2024-05-29; registry 2024-06-01; journal 2024 464271
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 4 REAL AS. Revenue 1.18m NOK → 1.73m NOK (+46.4%). Net result +215.3k NOK → +313.0k NOK. Equity 339.4k NOK → 67.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for 4 REAL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.18m NOK to 1.73m NOK (+46.4% YoY). Calculated
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Operating result improved
Operating result -239.0k NOK → +395.7k NOK (op. margin -20.2% → 22.9%). Calculated
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Net result improved
Net result +215.3k NOK → +313.0k NOK (net margin 18.2% → 18.1%). Calculated
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Payroll decreased
Salary cost 3.84m NOK → 3.80m NOK (325% → 220% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 339.4k NOK → 67.4k NOK (equity ratio 30.7% → 8.8%). Calculated
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↓
Cash fell
Bank deposits 17.8k NOK → -21.3k NOK (-219.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 19.0k NOK → 35.6k NOK (+87.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 32.6k NOK → 29.7k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 2 → 1. Reported fact