A70 INVEST AS: årsregnskap 2023 vs 2022
Grew 24% on revenue, stronger earnings, cash halved-plus
approved 2024-07-31; registry 2024-08-19; journal 2024 705754
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A70 INVEST AS. Revenue 129.40m NOK → 160.54m NOK (+24.1%). Net result +1.44m NOK → +6.57m NOK. Equity 10.28m NOK → 16.05m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for A70 INVEST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 129.40m NOK to 160.54m NOK (+24.1% YoY). Calculated
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Net result improved
Net result +1.44m NOK → +6.57m NOK (net margin 1.1% → 4.1%). Calculated
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↑
Equity strengthened
Book equity 10.28m NOK → 16.05m NOK (equity ratio 96.5% → 93.6%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -21.0k NOK → -61.4k NOK (op. margin -0.0% → -0.0%). Calculated
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↓
Cash fell
Bank deposits 1.47m NOK → 314.5k NOK (-78.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.47m NOK → 314.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 1 NOK → 28.37m NOK (0% → 18% of revenue). Calculated
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COGS moved
COGS / varekostnad 75.57m NOK → 87.28m NOK (+15.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 2 NOK → 1.50m NOK. Reported fact