4 SEASONS OSLO AS: årsregnskap 2023 vs 2022
Grew 15% on revenue, weaker earnings, cash halved-plus
approved 2024-05-23; registry 2024-06-10; journal 2024 440554
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 4 SEASONS OSLO AS. Revenue 2.20m NOK → 2.54m NOK (+15.3%). Net result +3.98m NOK → +1.28m NOK. Equity 6.21m NOK → 7.49m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for 4 SEASONS OSLO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.20m NOK to 2.54m NOK (+15.3% YoY). Calculated
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↑
Operating result improved
Operating result +1.49m NOK → +1.86m NOK (op. margin 67.7% → 73.5%). Calculated
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↑
Equity strengthened
Book equity 6.21m NOK → 7.49m NOK (equity ratio 50.7% → 70.5%). Calculated
What deteriorated
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↓
Net result weakened
Net result +3.98m NOK → +1.28m NOK (net margin 181.0% → 50.3%). Calculated
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↓
Cash fell
Bank deposits 2.34m NOK → 722.4k NOK (-69.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.95× → 0.95× — 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 (2.34m NOK → 722.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 284.1k NOK → 396.8k NOK (+39.6% YoY). Calculated