99X INCREO AS: årsregnskap 2023 vs 2022
Grew 12% on revenue, slipped into loss
approved 2024-04-30; registry 2024-07-22; journal 2024 655656
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 99X INCREO AS. Revenue 37.93m NOK → 42.54m NOK (+12.2%). Net result +6.27m NOK → -994.8k NOK. Equity 4.44m NOK → 1.88m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 99X INCREO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 37.93m NOK to 42.54m NOK (+12.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +755.0k NOK → -681.4k NOK (op. margin 2.0% → -1.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 6.27m NOK profit to a loss of 994.8k NOK. Calculated
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↓
Equity eroded
Book equity 4.44m NOK → 1.88m NOK (equity ratio 20.2% → 9.6%). Calculated
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↓
Cash fell
Bank deposits 9.88m NOK → 9.80m NOK (-0.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 28.63m NOK → 31.38m NOK (75% → 74% of revenue). Calculated
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COGS fell
COGS / varekostnad 1.86m NOK → 1.66m NOK (-10.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 3.00m NOK → 3 NOK. Reported fact