A/S Even Cudrio: årsregnskap 2023 vs 2022
Shrank 12% on revenue, slipped into loss, cash halved-plus
approved 2024-09-19; registry 2024-09-23; journal 2024 749104
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A/S Even Cudrio. Revenue 21.28m NOK → 18.73m NOK (-12.0%). Net result +354.1k NOK → -2.23m NOK. Equity 4.16m NOK → 1.93m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A/S Even Cudrio.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 21.28m NOK to 18.73m NOK (-12.0% YoY). Calculated
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Operating result weakened
Operating result +472.3k NOK → -2.77m NOK (op. margin 2.2% → -14.8%). Calculated
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Fell into a net loss
Net result flipped from 354.1k NOK profit to a loss of 2.23m NOK. Calculated
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Equity eroded
Book equity 4.16m NOK → 1.93m NOK (equity ratio 41.9% → 15.0%). Calculated
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Cash fell
Bank deposits 1.16m NOK → 361.9k NOK (-68.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.16m NOK → 361.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 8.65m NOK → 8.32m NOK (-3.8% YoY). Calculated