ABC HALVORSEN EIENDOM AS: årsregnskap 2023 vs 2022
Weaker earnings, cash halved-plus
approved 2024-07-25; registry 2024-07-30; journal 2024 685345
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABC HALVORSEN EIENDOM AS. Net result +1.71m NOK → +997.6k NOK. Equity 2.11m NOK → 1.61m NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABC HALVORSEN EIENDOM AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -1.26m NOK → -1.35m NOK. Calculated
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↓
Net result weakened
Net result +1.71m NOK → +997.6k NOK. Calculated
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↓
Equity eroded
Book equity 2.11m NOK → 1.61m NOK (equity ratio 2.9% → 2.2%). Calculated
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↓
Cash fell
Bank deposits 9.05m NOK → 231.9k NOK (-97.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 996.4k NOK → 1.07m NOK. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (9.05m NOK → 231.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 22.37m NOK → 23.71m NOK. Reported fact