A/S Hovinveien 7 og 9: årsregnskap 2023 vs 2022
Slipped into loss, cash halved-plus
approved 2024-03-01; registry 2024-08-03; journal 2024 709097
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A/S Hovinveien 7 og 9. Revenue 2.04m NOK → 2.06m NOK (+0.9%). Net result +79.8k NOK → -213.8k NOK. Equity -871.0k NOK → -1.09m 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. All figures are taken from the published annual accounts for A/S Hovinveien 7 og 9.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.04m NOK to 2.06m NOK (+0.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +187.3k NOK → -35.1k NOK (op. margin 9.2% → -1.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 79.8k NOK profit to a loss of 213.8k NOK. Calculated
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↓
Equity eroded
Book equity -871.0k NOK → -1.09m NOK (equity ratio -27.3% → -39.3%). Calculated
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↓
Cash fell
Bank deposits 250.8k NOK → 47.0k NOK (-81.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.36× → 0.41× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -39.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation