99X GROUP AS: årsregnskap 2023 vs 2022
Slipped into loss, cash halved-plus
approved 2024-06-27; registry 2024-08-01; journal 2024 692435
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 99X GROUP AS. Revenue 0 NOK → 6.00m NOK. Net result +6.72m NOK → -782.8k NOK. Equity 315.18m NOK → 349.16m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: fell into a net loss; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for 99X GROUP AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 0 NOK to 6.00m NOK. Calculated
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↑
Operating result improved
Operating result -1.35m NOK → -605.3k NOK. Calculated
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↑
Equity strengthened
Book equity 315.18m NOK → 349.16m NOK (equity ratio 99.3% → 78.7%). Calculated
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↑
Owners injected capital
Paid-in equity rose 291.63m NOK → 326.40m NOK (+34.77m NOK). Reported fact
What deteriorated
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↓
Fell into a net loss
Net result flipped from 6.72m NOK profit to a loss of 782.8k NOK. Calculated
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↓
Cash fell
Bank deposits 18.61m NOK → 2.03m NOK (-89.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 8.53× → 0.47× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (18.61m NOK → 2.03m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 297.58m NOK → 399.15m NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 0.75 → 1.5. Reported fact