A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi: årsregnskap 2023 vs 2022
Grew 90% on revenue, slipped into loss, cash halved-plus
approved 2024-03-21; registry 2024-03-26; journal 2024 337222
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi. Revenue 340 NOK → 646 NOK (+90.0%). Net result +51.0k NOK → -2.15m NOK. Equity -1.29m NOK → -3.44m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 340 NOK to 646 NOK (+90.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +292.4k NOK → -1.83m NOK (op. margin 86000.0% → -283502.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 51.0k NOK profit to a loss of 2.15m NOK. Calculated
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↓
Equity eroded
Book equity -1.29m NOK → -3.44m NOK (equity ratio -37.4% → -262.6%). Calculated
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↓
Cash fell
Bank deposits 6 947 NOK → 2 038 NOK (-70.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -262.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1.02m NOK → 2.00m NOK. Reported fact