A GREAT IDEA AS: årsregnskap 2023 vs 2022
Shrank 91% on revenue, weaker earnings
approved 2024-03-22; registry 2024-05-06; journal 2024 361601
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A GREAT IDEA AS. Revenue 3.00m NOK → 266.6k NOK (-91.1%). Net result +27.27m NOK → +13.05m NOK. Equity 1.13m NOK → 628.0k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for A GREAT IDEA AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 459.7k NOK → 705.7k NOK (+53.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.00m NOK to 266.6k NOK (-91.1% YoY). Calculated
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↓
Operating result weakened
Operating result -130.7k NOK → -245.9k NOK (op. margin -4.4% → -92.3%). Calculated
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↓
Net result weakened
Net result +27.27m NOK → +13.05m NOK (net margin 910.0% → 4896.7%). Calculated
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↓
Equity eroded
Book equity 1.13m NOK → 628.0k NOK (equity ratio 9.9% → 3.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 1.13m NOK → 628.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 2.80m NOK → 140.2k NOK (-95.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 594.7k NOK → 32.2k NOK. Reported fact