ABA-TECH AS: årsregnskap 2023 vs 2022
Grew 694% on revenue, stronger earnings, cash halved-plus
approved 2024-07-18; registry 2024-07-27; journal 2024 681305
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABA-TECH AS. Revenue 7 748 NOK → 61.5k NOK (+693.8%). Net result -549.2k NOK → -263.9k NOK. Equity -800.4k NOK → -1.06m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABA-TECH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 7 748 NOK to 61.5k NOK (+693.8% YoY). Calculated
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Operating result improved
Operating result -567.5k NOK → -232.5k NOK (op. margin -7324.6% → -378.1%). Calculated
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Net result improved
Net result -549.2k NOK → -263.9k NOK (net margin -7088.2% → -429.1%). Calculated
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Payroll decreased
Salary cost 236.3k NOK → 190.4k NOK (3050% → 310% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -800.4k NOK → -1.06m NOK (equity ratio -302.8% → -2501.4%). Calculated
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Cash fell
Bank deposits 17.0k NOK → 7 312 NOK (-57.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -2501.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 116.9k NOK → 17.5k NOK (-85.0% YoY). Calculated