88 HOLDING AS: årsregnskap 2023 vs 2022
Slipped into loss, cash halved-plus
approved 2024-07-05; registry 2024-07-13; journal 2024 619719
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 88 HOLDING AS. Revenue 2.01m NOK → 1.95m NOK (-2.8%). Net result +78.0k NOK → -193.2k NOK. Equity 9.67m NOK → 9.48m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 88 HOLDING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.01m NOK to 1.95m NOK (-2.8% YoY). Calculated
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Operating result weakened
Operating result +869.9k NOK → +743.2k NOK (op. margin 43.3% → 38.0%). Calculated
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Fell into a net loss
Net result flipped from 78.0k NOK profit to a loss of 193.2k NOK. Calculated
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Equity eroded
Book equity 9.67m NOK → 9.48m NOK (equity ratio 40.8% → 23.2%). Calculated
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Cash fell
Bank deposits 2.75m NOK → 336.1k NOK (-87.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.75m NOK → 336.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 920.6k NOK → 551.2k NOK. Reported fact