ABAX GROUP AS: årsregnskap 2023 vs 2022
Grew 147% on revenue, returned to profit, cash halved-plus
approved 2024-04-30; registry 2024-10-07; journal 2024 751686
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABAX GROUP AS. Revenue 323.6k NOK → 798.5k NOK (+146.8%). Net result -26.26m NOK → +95.12m NOK. Equity 2.08bn NOK → 2.18bn NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABAX GROUP AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 323.6k NOK to 798.5k NOK (+146.8% YoY). Calculated
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Operating result improved
Operating result -6.36m NOK → -5.33m NOK (op. margin -1966.1% → -667.5%). Calculated
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Turned profitable
Net result flipped from a loss of 26.26m NOK to a profit of 95.12m NOK. Calculated
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Equity strengthened
Book equity 2.08bn NOK → 2.18bn NOK (equity ratio 70.8% → 71.5%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 9.60m NOK → 2 052 NOK (-100.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (9.60m NOK → 2 052 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 2.87bn NOK → 2.95bn NOK. Reported fact