ABG REAL ESTATE MANAGEMENT AS: årsregnskap 2023 vs 2022
Grew 60% on revenue, stronger earnings, cash halved-plus
registry 2024-06-03; journal 2024 476728
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABG REAL ESTATE MANAGEMENT AS. Revenue 3.49m NOK → 5.61m NOK (+60.5%). Net result +1.73m NOK → +2.16m NOK. Equity 178.7k NOK → 89.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ABG REAL ESTATE MANAGEMENT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.49m NOK to 5.61m NOK (+60.5% YoY). Calculated
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Operating result improved
Operating result +2.22m NOK → +2.79m NOK (op. margin 63.6% → 49.7%). Calculated
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Net result improved
Net result +1.73m NOK → +2.16m NOK (net margin 49.5% → 38.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 178.7k NOK → 89.7k NOK (equity ratio 4.5% → 1.5%). Calculated
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↓
Cash fell
Bank deposits 3.23m NOK → 1.26m NOK (-61.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.01× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.5% 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 (3.23m NOK → 1.26m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 1.12m NOK → 2.62m NOK (32% → 47% of revenue). Calculated