74 PROSJEKT 1 AS: årsregnskap 2023 vs 2022
Shrank 81% on revenue, weaker earnings
registry 2024-09-11; journal 2024 745440
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 74 PROSJEKT 1 AS. Revenue 13.61m NOK → 2.58m NOK (-81.1%). Net result -2 316 NOK → -79.8k NOK. Equity 27.7k NOK → -52.1k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 74 PROSJEKT 1 AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 2 129 NOK → 93.4k NOK (+4287.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 13.61m NOK to 2.58m NOK (-81.1% YoY). Calculated
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↓
Operating result weakened
Operating result -2 969 NOK → -103.0k NOK (op. margin -0.0% → -4.0%). Calculated
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↓
Net result weakened
Net result -2 316 NOK → -79.8k NOK (net margin -0.0% → -3.1%). Calculated
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↓
Equity eroded
Book equity 27.7k NOK → -52.1k NOK (equity ratio 0.8% → -1.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.01× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 13.61m NOK → 2.65m NOK (-80.5% YoY). Calculated