ABSEC AS: årsregnskap 2023 vs 2022
Shrank 54% on revenue, stronger earnings
approved 2024-06-03; registry 2024-06-05; journal 2024 487101
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABSEC AS. Revenue 1.34m NOK → 616.1k NOK (-54.1%). Net result -99.0k NOK → -6 623 NOK. Equity 12.5k NOK → 5 861 NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABSEC AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -99.5k NOK → -6 631 NOK (op. margin -7.4% → -1.1%). Calculated
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↑
Net result improved
Net result -99.0k NOK → -6 623 NOK (net margin -7.4% → -1.1%). Calculated
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↑
Cash rose
Bank deposits 29.4k NOK → 30.9k NOK (+5.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 269.6k NOK → 2 NOK (20% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.34m NOK to 616.1k NOK (-54.1% YoY). Calculated
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↓
Equity eroded
Book equity 12.5k NOK → 5 861 NOK (equity ratio 6.1% → 4.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.07m NOK → 468.5k NOK (-56.1% YoY). Calculated