ABC-MØBLER AS: årsregnskap 2023 vs 2022
Shrank 9% on revenue, weaker earnings, cash halved-plus
approved 2024-03-25; registry 2024-05-15; journal 2024 368585
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABC-MØBLER AS. Revenue 18.54m NOK → 16.89m NOK (-8.9%). Net result -249.7k NOK → -840.8k NOK. Equity 4.62m NOK → 3.78m 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-MØBLER AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 18.54m NOK to 16.89m NOK (-8.9% YoY). Calculated
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Operating result weakened
Operating result -221.6k NOK → -966.4k NOK (op. margin -1.2% → -5.7%). Calculated
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Net result weakened
Net result -249.7k NOK → -840.8k NOK (net margin -1.3% → -5.0%). Calculated
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Equity eroded
Book equity 4.62m NOK → 3.78m NOK. Calculated
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Cash fell
Bank deposits 2.48m NOK → 350.2k NOK (-85.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.48m NOK → 350.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 10.77m NOK → 9.58m NOK (-11.1% YoY). Calculated