A.S DRIFT & SERVICE AS: årsregnskap 2023 vs 2022
Weaker earnings, cash halved-plus
approved 2024-04-15; registry 2024-04-20; journal 2024 365964
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A.S DRIFT & SERVICE AS. Revenue 1.62m NOK → 1.61m NOK (-0.6%). Net result -102.9k NOK → -128.8k NOK. Equity 8 NOK → -100.1k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A.S DRIFT & SERVICE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -84.3k NOK → -66.3k NOK (op. margin -5.2% → -4.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.62m NOK to 1.61m NOK (-0.6% YoY). Calculated
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↓
Net result weakened
Net result -102.9k NOK → -128.8k NOK (net margin -6.4% → -8.0%). Calculated
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↓
Equity eroded
Book equity 8 NOK → -100.1k NOK (equity ratio 0.0% → -36.5%). Calculated
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↓
Cash fell
Bank deposits 193.8k NOK → 39.2k NOK (-79.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 831.0k NOK → 903.6k NOK (51% → 56% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -36.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 302.5k NOK → 77.7k NOK (-74.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 5 720 NOK → 4 400 NOK. Reported fact