A SVELA MASKIN AS: årsregnskap 2023 vs 2022
Shrank 42% on revenue, returned to profit, cash halved-plus
approved 2024-04-29; registry 2024-05-07; journal 2024 399635
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A SVELA MASKIN AS. Revenue 4.77m NOK → 2.77m NOK (-41.8%). Net result -506.4k NOK → +781.7k NOK. Equity 780.3k NOK → 562.0k NOK.
On the constructive side: operating result improved; turned profitable; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A SVELA MASKIN AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -643.8k NOK → +1 070 NOK (op. margin -13.5% → 0.0%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 506.4k NOK to a profit of 781.7k NOK. Calculated
-
↑
Payroll decreased
Salary cost 1.03m NOK → 100.1k NOK (22% → 4% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 4.77m NOK to 2.77m NOK (-41.8% YoY). Calculated
-
↓
Equity eroded
Book equity 780.3k NOK → 562.0k NOK. Calculated
-
↓
Cash fell
Bank deposits 405.1k NOK → 18.8k NOK (-95.4% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.75× → 0.52× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 1.66m NOK → 771.8k NOK (-53.5% YoY). Calculated