ABC GROUP AS: årsregnskap 2023 vs 2022
Grew 43% on revenue, returned to profit, cash halved-plus
approved 2024-08-22; registry 2024-08-27; journal 2024 736901
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABC GROUP AS. Revenue 264.6k NOK → 379.1k NOK (+43.3%). Net result -96.5k NOK → +1 797 NOK. Equity -51.0k NOK → -46.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABC GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 264.6k NOK to 379.1k NOK (+43.3% YoY). Calculated
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↑
Operating result improved
Operating result -96.0k NOK → +1 797 NOK (op. margin -36.3% → 0.5%). Calculated
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Turned profitable
Net result flipped from a loss of 96.5k NOK to a profit of 1 797 NOK. Calculated
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↑
Equity strengthened
Book equity -51.0k NOK → -46.2k NOK (equity ratio -58.6% → -66.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 59.4k NOK → 19.4k NOK (-67.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -66.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 18.2k NOK → 95.6k NOK (+424.4% YoY). Calculated