8 RENOVERING AS: årsregnskap 2023 vs 2022
Shrank 50% on revenue, weaker earnings, cash halved-plus
approved 2024-01-29; registry 2024-02-13; journal 2024 306043
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 8 RENOVERING AS. Revenue 1.61m NOK → 799.3k NOK (-50.4%). Net result +91.3k NOK → +31.0k NOK. Equity -119.1k NOK → -88.1k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. 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 8 RENOVERING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -119.1k NOK → -88.1k NOK (equity ratio -74.1% → -228.8%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.84× → 1.65×. Calculated
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↑
Payroll decreased
Salary cost 874.4k NOK → 308.9k NOK (54% → 39% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.61m NOK to 799.3k NOK (-50.4% YoY). Calculated
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↓
Operating result weakened
Operating result +91.8k NOK → +31.1k NOK (op. margin 5.7% → 3.9%). Calculated
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↓
Net result weakened
Net result +91.3k NOK → +31.0k NOK (net margin 5.7% → 3.9%). Calculated
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↓
Cash fell
Bank deposits 140.7k NOK → 6 101 NOK (-95.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -228.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 412.1k NOK → 374.9k NOK (-9.0% YoY). Calculated