7 STEEL NORDIC REINFORCING AS: årsregnskap 2023 vs 2022
Slipped into loss, cash halved-plus
approved 2024-04-24; registry 2024-06-19; journal 2024 486332
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 7 STEEL NORDIC REINFORCING AS. Revenue 0 NOK → 0 NOK (0.0%). Net result +293.30m NOK → -11.51m NOK. Equity 639.67m NOK → 628.16m NOK.
On the constructive side: operating result improved. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for 7 STEEL NORDIC REINFORCING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -2.80m NOK → -1.27m NOK. Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 293.30m NOK profit to a loss of 11.51m NOK. Calculated
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↓
Equity eroded
Book equity 639.67m NOK → 628.16m NOK (equity ratio 30.9% → 36.1%). Calculated
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↓
Cash fell
Bank deposits 805.98m NOK → 243.36m NOK (-69.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (805.98m NOK → 243.36m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 5.25m NOK → 5.18m NOK (-1.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 723.40m NOK → 3.72bn NOK. Reported fact