A HELGESEN EIENDOM AS: årsregnskap 2023 vs 2022
Grew 24% on revenue, returned to profit, cash halved-plus
approved 2024-06-30; registry 2024-07-13; journal 2024 636228
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A HELGESEN EIENDOM AS. Revenue 1.95m NOK → 2.42m NOK (+24.2%). Net result -2.32m NOK → +5.14m NOK. Equity -402.9k NOK → -262.6k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for A HELGESEN EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.95m NOK to 2.42m NOK (+24.2% YoY). Calculated
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Operating result improved
Operating result -2.68m NOK → +140.8k NOK (op. margin -137.4% → 5.8%). Calculated
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Turned profitable
Net result flipped from a loss of 2.32m NOK to a profit of 5.14m NOK. Calculated
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Equity strengthened
Book equity -402.9k NOK → -262.6k NOK (equity ratio -4.7% → -2.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 435.92m NOK → 81.7k NOK (-100.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.18× → 0.50× — 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 (435.92m NOK → 81.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 778.8k NOK → 935.7k NOK (40% → 39% of revenue). Calculated