64GRADERNORD AS: årsregnskap 2023 vs 2022
Grew 18% on revenue, stronger earnings
approved 2024-06-25; registry 2024-07-06; journal 2024 587328
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 64GRADERNORD AS. Revenue 8.54m NOK → 10.05m NOK (+17.7%). Net result -1.09m NOK → -59.3k NOK. Equity -236.4k NOK → -295.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 64GRADERNORD AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 8.54m NOK to 10.05m NOK (+17.7% YoY). Calculated
-
↑
Operating result improved
Operating result -1.09m NOK → -53.9k NOK (op. margin -12.7% → -0.5%). Calculated
-
↑
Net result improved
Net result -1.09m NOK → -59.3k NOK (net margin -12.8% → -0.6%). Calculated
-
↑
Cash rose
Bank deposits 549.1k NOK → 834.7k NOK (+52.0% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -236.4k NOK → -295.7k NOK (equity ratio -17.8% → -18.4%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -18.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 4.99m NOK → 5.08m NOK (58% → 51% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 2.86m NOK → 3.27m NOK (+14.3% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 10.4k NOK → 0 NOK. Reported fact