A. HØVIK EIENDOM AS: årsregnskap 2023 vs 2022
Stronger earnings
approved 2024-04-05; registry 2024-07-03; journal 2024 565189
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A. HØVIK EIENDOM AS. Revenue 10.19m NOK → 10.17m NOK (-0.2%). Net result +17.8k NOK → +716.9k NOK. Equity 12.27m NOK → 12.42m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. HØVIK EIENDOM AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +1.36m NOK → +3.04m NOK (op. margin 13.4% → 29.9%). Calculated
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Net result improved
Net result +17.8k NOK → +716.9k NOK (net margin 0.2% → 7.0%). Calculated
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Equity strengthened
Book equity 12.27m NOK → 12.42m NOK (equity ratio 22.3% → 23.6%). Calculated
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Cash rose
Bank deposits 620.4k NOK → 661.3k NOK (+6.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.19m NOK to 10.17m NOK (-0.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.41× → 0.44× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 2.75m NOK → 2.77m NOK (27% → 27% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 76.4k NOK → 35.1k NOK (-54.1% YoY). Calculated