A1 PROPERTY AS: årsregnskap 2023 vs 2022
Weaker earnings, cash halved-plus, fresh owner capital
registry 2024-07-16; journal 2024 633859
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A1 PROPERTY AS. Revenue 2.61m NOK → 2.62m NOK (+0.2%). Net result -274.4k NOK → -954.9k NOK. Equity 2.35m NOK → 1.56m NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A1 PROPERTY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.61m NOK to 2.62m NOK (+0.2% YoY). Calculated
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Owners injected capital
Paid-in equity rose 274.7k NOK → 438.4k NOK (+163.6k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +1.46m NOK → +1.37m NOK (op. margin 55.9% → 52.1%). Calculated
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↓
Net result weakened
Net result -274.4k NOK → -954.9k NOK (net margin -10.5% → -36.5%). Calculated
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↓
Equity eroded
Book equity 2.35m NOK → 1.56m NOK (equity ratio 5.8% → 3.8%). Calculated
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↓
Cash fell
Bank deposits 118.8k NOK → 1 072 NOK (-99.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.23× → 0.35× — 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 3.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost -15.8k NOK → 1 662 NOK (-1% → 0% of revenue). Calculated
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COGS moved
COGS / varekostnad 341.7k NOK → 434.5k NOK (+27.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 1.78m NOK → 2.08m NOK. Reported fact