ABC RENHOLD & SERVICE AS: årsregnskap 2023 vs 2022
Grew 17% on revenue, cash halved-plus
approved 2024-03-15; registry 2024-04-04; journal 2024 344599
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABC RENHOLD & SERVICE AS. Revenue 1.78m NOK → 2.09m NOK (+17.4%). Net result -139.3k NOK → -111.8k NOK. Equity -373.8k NOK → -485.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABC RENHOLD & SERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.78m NOK to 2.09m NOK (+17.4% YoY). Calculated
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↑
Operating result improved
Operating result -140.2k NOK → -109.1k NOK (op. margin -7.9% → -5.2%). Calculated
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↑
Net result improved
Net result -139.3k NOK → -111.8k NOK (net margin -7.8% → -5.4%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -373.8k NOK → -485.6k NOK (equity ratio -85.6% → -163.8%). Calculated
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↓
Cash fell
Bank deposits 27.5k NOK → 12.0k NOK (-56.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -163.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.23m NOK → 1.45m NOK (69% → 70% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 237.8k NOK → 257.7k NOK (+8.4% YoY). Calculated