ABSNET AS: årsregnskap 2023 vs 2022
Shrank 8% on revenue, returned to profit, cash halved-plus
approved 2024-05-30; registry 2024-06-17; journal 2024 486668
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABSNET AS. Revenue 10.61m NOK → 9.73m NOK (-8.3%). Net result -524.5k NOK → +79.0k NOK. Equity -1.12m NOK → -1.05m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABSNET AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -467.4k NOK → +238.1k NOK (op. margin -4.4% → 2.4%). Calculated
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Turned profitable
Net result flipped from a loss of 524.5k NOK to a profit of 79.0k NOK. Calculated
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Equity strengthened
Book equity -1.12m NOK → -1.05m NOK (equity ratio -17.5% → -18.6%). Calculated
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Payroll decreased
Salary cost 4.74m NOK → 3.70m NOK (45% → 38% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.61m NOK to 9.73m NOK (-8.3% YoY). Calculated
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↓
Cash fell
Bank deposits 114.6k NOK → 40.8k NOK (-64.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -18.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 3.86m NOK → 3.17m NOK (-17.9% YoY). Calculated