A/S MILLENIUM: årsregnskap 2023 vs 2022
Shrank 87% on revenue, returned to profit, cash halved-plus
approved 2024-06-04; registry 2024-06-27; journal 2024 532272
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A/S MILLENIUM. Revenue 949.5k NOK → 120.0k NOK (-87.4%). Net result -26.19m NOK → +3.41m NOK. Equity 64.49m NOK → 67.90m NOK.
On the constructive side: turned profitable; equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for A/S MILLENIUM.
At a glance
Scorecard
What improved
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Turned profitable
Net result flipped from a loss of 26.19m NOK to a profit of 3.41m NOK. Calculated
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Equity strengthened
Book equity 64.49m NOK → 67.90m NOK (equity ratio 94.1% → 91.3%). Calculated
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Owners injected capital
Paid-in equity rose 600 NOK → 600.0k NOK (+599.4k NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 949.5k NOK to 120.0k NOK (-87.4% YoY). Calculated
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Operating result weakened
Operating result +493.9k NOK → -1.38m NOK (op. margin 52.0% → -1147.9%). Calculated
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Cash fell
Bank deposits 19.97m NOK → 6.63m NOK (-66.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (19.97m NOK → 6.63m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation