ABOVO AS: årsregnskap 2023 vs 2022
Shrank 21% on revenue, slipped into loss
approved 2024-05-27; registry 2024-05-29; journal 2024 451042
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABOVO AS. Revenue 793.3k NOK → 623.2k NOK (-21.4%). Net result +10.3k NOK → -169.6k NOK. Equity 196.8k NOK → 27.2k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABOVO AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 114.1k NOK → 137.7k NOK (+20.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.37m NOK → 2.33m NOK (424% → 373% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 793.3k NOK to 623.2k NOK (-21.4% YoY). Calculated
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↓
Operating result weakened
Operating result +106.4k NOK → -25.3k NOK (op. margin 13.4% → -4.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 10.3k NOK profit to a loss of 169.6k NOK. Calculated
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↓
Equity eroded
Book equity 196.8k NOK → 27.2k NOK (equity ratio 58.8% → 25.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.00× → 0.70× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 267.4k NOK → 251.7k NOK (-5.8% YoY). Calculated