ABATE AS: årsregnskap 2023 vs 2022
Shrank 30% on revenue, weaker earnings
registry 2024-06-12; journal 2024 457158
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABATE AS. Revenue 11.51m NOK → 8.03m NOK (-30.2%). Net result +1.85m NOK → +592.7k NOK. Equity 3.77m NOK → 3.77m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABATE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 2.02m NOK → 2.29m NOK (+13.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 4.75m NOK → 2 NOK (41% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 11.51m NOK to 8.03m NOK (-30.2% YoY). Calculated
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↓
Operating result weakened
Operating result +2.48m NOK → +1.04m NOK (op. margin 21.5% → 13.0%). Calculated
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↓
Net result weakened
Net result +1.85m NOK → +592.7k NOK (net margin 16.1% → 7.4%). Calculated
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↓
Equity eroded
Book equity 3.77m NOK → 3.77m NOK (equity ratio 51.0% → 61.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.28m NOK → 3.52m NOK (-17.6% YoY). Calculated