A-VARER AS: årsregnskap 2023 vs 2022
Shrank 90% on revenue, stronger earnings, cash halved-plus
approved 2024-05-22; registry 2024-05-25; journal 2024 434272
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A-VARER AS. Revenue 980.2k NOK → 93.3k NOK (-90.5%). Net result -94.1k NOK → -18.4k NOK. Equity 467.9k NOK → 449.5k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A-VARER AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -99.5k NOK → -21.7k NOK (op. margin -10.2% → -23.3%). Calculated
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Net result improved
Net result -94.1k NOK → -18.4k NOK (net margin -9.6% → -19.7%). Calculated
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Payroll decreased
Salary cost 3.26m NOK → 302.9k NOK (332% → 325% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 980.2k NOK to 93.3k NOK (-90.5% YoY). Calculated
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↓
Equity eroded
Book equity 467.9k NOK → 449.5k NOK. Calculated
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↓
Cash fell
Bank deposits 238.45m NOK → 397.0k NOK (-99.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (238.45m NOK → 397.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 793.1k NOK → 621.1k NOK (-21.7% YoY). Calculated