A35 HOLDING AS: årsregnskap 2023 vs 2022
Shrank 51% on revenue, returned to profit, cash halved-plus
approved 2024-06-06; registry 2024-06-10; journal 2024 495574
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A35 HOLDING AS. Revenue 1.26m NOK → 612.0k NOK (-51.3%). Net result -155.7k NOK → +347.5k NOK. Equity 564.5k NOK → 3.91m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A35 HOLDING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -169.2k NOK → +112.9k NOK (op. margin -13.5% → 18.4%). Calculated
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Turned profitable
Net result flipped from a loss of 155.7k NOK to a profit of 347.5k NOK. Calculated
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Equity strengthened
Book equity 564.5k NOK → 3.91m NOK (equity ratio 46.5% → 89.1%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.26m NOK to 612.0k NOK (-51.3% YoY). Calculated
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Cash fell
Bank deposits 105.7k NOK → 24.6k NOK (-76.8% YoY). Calculated
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Payroll up without matching revenue
Salary cost 1.25m NOK → 1.43m NOK (100% → 233% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 702.1k NOK → 4.04m NOK. Reported fact