633 17 GT HOLDING AS: årsregnskap 2023 vs 2022
Returned to profit, cash halved-plus
approved 2024-06-12; registry 2024-07-17; journal 2024 636322
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 633 17 GT HOLDING AS. Net result -460.51m NOK → +620.9k NOK. Equity 444.9k NOK → 65.8k NOK.
On the constructive side: turned profitable. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for 633 17 GT HOLDING AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 460.51m NOK to a profit of 620.9k NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -201.1k NOK → -204.2k NOK. Calculated
-
↓
Equity eroded
Book equity 444.9k NOK → 65.8k NOK (equity ratio 0.9% → 0.6%). Calculated
-
↓
Cash fell
Bank deposits 51.46m NOK → 10.31m NOK (-80.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (51.46m NOK → 10.31m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation