A&B HOLDING GROUP AS: årsregnskap 2023 vs 2022
Shrank 78% on revenue, stronger earnings
approved 2024-08-29; registry 2024-09-04; journal 2024 740761
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A&B HOLDING GROUP AS. Revenue 9.48m NOK → 2.04m NOK (-78.5%). Net result -1.00m NOK → -135.6k NOK. Equity 18.39m NOK → 18.05m NOK.
On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A&B HOLDING GROUP AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -58.7k NOK → +193.6k NOK (op. margin -0.6% → 9.5%). Calculated
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Net result improved
Net result -1.00m NOK → -135.6k NOK (net margin -10.6% → -6.6%). Calculated
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Current ratio back above 1×
Current ratio 0.90× → 1.02×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 9.48m NOK to 2.04m NOK (-78.5% YoY). Calculated
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Equity eroded
Book equity 18.39m NOK → 18.05m NOK (equity ratio 72.1% → 73.0%). Calculated
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Cash fell
Bank deposits 301.1k NOK → 251.3k NOK (-16.5% YoY). Calculated
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Payroll up without matching revenue
Salary cost 51.1k NOK → 65.6k NOK (1% → 3% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 835.2k NOK → -720.4k NOK (-186.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 0 NOK → 6.82m NOK. Reported fact