A. ØSTVAAG AS: årsregnskap 2023 vs 2022
Weaker earnings, cash halved-plus
approved 2024-05-23; registry 2024-06-15; journal 2024 461358
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A. ØSTVAAG AS. Net result +35.21m NOK → +3.26m NOK. Equity 47.89m NOK → 47.76m NOK.
On the constructive side: operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A. ØSTVAAG AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -392.1k NOK → -323.8k NOK. Calculated
What deteriorated
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↓
Net result weakened
Net result +35.21m NOK → +3.26m NOK. Calculated
-
↓
Equity eroded
Book equity 47.89m NOK → 47.76m NOK (equity ratio 97.9% → 99.4%). Calculated
-
↓
Cash fell
Bank deposits 22.25m NOK → 7.44m NOK (-66.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (22.25m NOK → 7.44m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 1 NOK → 7.62m NOK. Reported fact