7 STEEL NORDIC INVESTMENTS AS: årsregnskap 2023 vs 2022
Slipped into loss, cash halved-plus
approved 2024-07-09; registry 2024-07-16; journal 2024 632266
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 7 STEEL NORDIC INVESTMENTS AS. Net result +11.2k NOK → -5 580 NOK. Equity 41.2k NOK → 30.1k NOK.
On the constructive side: operating result improved. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 7 STEEL NORDIC INVESTMENTS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -309.5k NOK → -145.3k NOK. Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 11.2k NOK profit to a loss of 5 580 NOK. Calculated
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↓
Equity eroded
Book equity 41.2k NOK → 30.1k NOK (equity ratio 0.1% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 485.5k NOK → 122.7k NOK (-74.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation