ABC BILUTLEIE AS: årsregnskap 2023 vs 2022
Shrank 69% on revenue, weaker earnings, cash halved-plus
approved 2024-11-26; registry 2024-12-09; journal 2024 758190
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABC BILUTLEIE AS. Revenue 236.35m NOK → 73.59m NOK (-68.9%). Net result +427.5k NOK → +271.3k NOK. Equity 5.12m NOK → 5.07m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ABC BILUTLEIE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 236.35m NOK to 73.59m NOK (-68.9% YoY). Calculated
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Operating result weakened
Operating result +850.9k NOK → +623.6k NOK (op. margin 0.4% → 0.8%). Calculated
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↓
Net result weakened
Net result +427.5k NOK → +271.3k NOK (net margin 0.2% → 0.4%). Calculated
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↓
Equity eroded
Book equity 5.12m NOK → 5.07m NOK (equity ratio 10.0% → 37.5%). Calculated
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Cash fell
Bank deposits 10.94bn NOK → 22.9k NOK (-100.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (10.94bn NOK → 22.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 1.23bn NOK → 72.49m NOK (-94.1% YoY). Calculated