A. LARSEN HUSFLID AS: årsregnskap 2023 vs 2022
Shrank 12% on revenue, returned to profit
approved 2024-03-06; registry 2024-03-09; journal 2024 322561
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A. LARSEN HUSFLID AS. Revenue 6.68m NOK → 5.86m NOK (-12.3%). Net result -315.4k NOK → +266.8k NOK. Equity 870.0k NOK → 136.8k NOK.
On the constructive side: operating result improved; turned profitable; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A. LARSEN HUSFLID AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -278.3k NOK → +286.6k NOK (op. margin -4.2% → 4.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 315.4k NOK to a profit of 266.8k NOK. Calculated
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↑
Payroll decreased
Salary cost 2.85m NOK → 2.42m NOK (43% → 41% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.68m NOK to 5.86m NOK (-12.3% YoY). Calculated
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↓
Equity eroded
Book equity 870.0k NOK → 136.8k NOK (equity ratio 45.8% → 7.3%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 3.31m NOK → 2.39m NOK (-27.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 28.8k NOK → 0 NOK. Reported fact