A J MOHN AS: årsregnskap 2023 vs 2022
Weaker earnings, cash halved-plus
approved 2024-02-22; registry 2024-02-26; journal 2024 312201
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A J MOHN AS. Revenue 18.36m NOK → 19.25m NOK (+4.9%). Net result +1.49m NOK → +967.9k NOK. Equity 7.21m NOK → 173.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for A J MOHN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 18.36m NOK to 19.25m NOK (+4.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.91m NOK → +1.24m NOK (op. margin 10.4% → 6.4%). Calculated
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↓
Net result weakened
Net result +1.49m NOK → +967.9k NOK (net margin 8.1% → 5.0%). Calculated
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↓
Equity eroded
Book equity 7.21m NOK → 173.8k NOK (equity ratio 161.0% → 5.0%). Calculated
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↓
Cash fell
Bank deposits 3.18m NOK → 1.09m NOK (-65.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.18m NOK → 1.09m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 5.18m NOK → 5.77m NOK (+11.4% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 10 → 9.3. Reported fact