99X INVESTMENT AS: årsregnskap 2023 vs 2022
Shrank 100% on revenue, weaker earnings
approved 2024-06-20; registry 2024-08-19; journal 2024 707145
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 99X INVESTMENT AS. Revenue 192.46m NOK → 0 NOK (-100.0%). Net result -1.64m NOK → -24.03m NOK. Equity 290.70m NOK → 231.14m NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for 99X INVESTMENT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -1.64m NOK → -1.53m NOK. Calculated
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↑
Cash rose
Bank deposits 339.9k NOK → 770.3k NOK (+126.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 192.46m NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Net result weakened
Net result -1.64m NOK → -24.03m NOK. Calculated
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↓
Equity eroded
Book equity 290.70m NOK → 231.14m NOK (equity ratio 99.6% → 69.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.24× → 0.02× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 18.46m NOK → 35.55m NOK (+92.6% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 296.24m NOK → 237.45m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 291.63m NOK → 326.40m NOK. Reported fact