ABB HOLDING AS: årsregnskap 2023 vs 2022
Shrank 100% on revenue
approved 2024-03-20; registry 2024-06-04; journal 2024 410507
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABB HOLDING AS. Revenue 8.64bn NOK → 2 NOK (-100.0%). Net result +276.96m NOK → +262.36m NOK. Equity 528.39m NOK → 15.51m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABB HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 36.6k NOK → 39.25m NOK (+107242.9% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 8.64bn NOK to 2 NOK (-100.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +1.08m NOK → -715.0k NOK (op. margin 0.0% → -35750000.0%). Calculated
-
↓
Net result weakened
Net result +276.96m NOK → +262.36m NOK (net margin 3.2% → 13118150000.0%). Calculated
-
↓
Equity eroded
Book equity 528.39m NOK → 15.51m NOK (equity ratio 44.7% → 1.3%). Calculated
-
↓
Payroll up without matching revenue
Salary cost -1.17m NOK → 5 NOK (-0% → 250% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation