A MIDDELTHON AS: årsregnskap 2023 vs 2022
Grew 11% on revenue
registry 2024-06-15; journal 2024 509196
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A MIDDELTHON AS. Revenue 3.30m NOK → 3.67m NOK (+11.3%). Net result +1.28m NOK → +1.53m NOK. Equity 664.7k NOK → 190.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A MIDDELTHON AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.30m NOK to 3.67m NOK (+11.3% YoY). Calculated
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Operating result improved
Operating result +2.11m NOK → +2.63m NOK (op. margin 63.9% → 71.7%). Calculated
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Net result improved
Net result +1.28m NOK → +1.53m NOK (net margin 38.9% → 41.5%). Calculated
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Current ratio back above 1×
Current ratio 0.01× → 1.24×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 664.7k NOK → 190.3k NOK (equity ratio 4.8% → 1.4%). Calculated
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↓
Cash fell
Bank deposits 320.8k NOK → 230.8k NOK (-28.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 2.13m NOK → 1.76m NOK. Reported fact