A: PROPERTY AS: årsregnskap 2023 vs 2022
Shrank 40% on revenue, weaker earnings
approved 2024-08-23; registry 2024-08-29; journal 2024 738653
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A: PROPERTY AS. Revenue 683.9k NOK → 408.3k NOK (-40.3%). Net result +292.5k NOK → +228.2k NOK. Equity 239.8k NOK → 468 NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A: PROPERTY AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 3 024 NOK → 155.3k NOK (+5034.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 683.9k NOK to 408.3k NOK (-40.3% YoY). Calculated
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↓
Operating result weakened
Operating result +396.1k NOK → -99.1k NOK (op. margin 57.9% → -24.3%). Calculated
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↓
Net result weakened
Net result +292.5k NOK → +228.2k NOK (net margin 42.8% → 55.9%). Calculated
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↓
Equity eroded
Book equity 239.8k NOK → 468 NOK (equity ratio 8.6% → 0.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 321 NOK → 35.3k NOK (0% → 9% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 2.60m NOK → 2.27m NOK. Reported fact