A O GREVSTAD EIENDOM AS: årsregnskap 2023 vs 2022
Grew 70% on revenue, weaker earnings, cash halved-plus
approved 2024-07-05; registry 2024-07-15; journal 2024 624158
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A O GREVSTAD EIENDOM AS. Revenue 11.88m NOK → 20.26m NOK (+70.5%). Net result +8.56m NOK → +1.64m NOK. Equity 92.80m NOK → 87.44m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for A O GREVSTAD EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 11.88m NOK to 20.26m NOK (+70.5% YoY). Calculated
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Operating result improved
Operating result -2.25m NOK → +3.56m NOK (op. margin -19.0% → 17.6%). Calculated
What deteriorated
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↓
Net result weakened
Net result +8.56m NOK → +1.64m NOK (net margin 72.1% → 8.1%). Calculated
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↓
Equity eroded
Book equity 92.80m NOK → 87.44m NOK (equity ratio 50.1% → 43.8%). Calculated
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↓
Cash fell
Bank deposits 45.70m NOK → 14.16m NOK (-69.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 9.57× → 0.42× — 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 (45.70m NOK → 14.16m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 3.79m NOK → 4.49m NOK (32% → 22% of revenue). Calculated
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Book investments changed
Investment / intangible book value 10.35m NOK → 10 NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 3 → 4. Reported fact