ABSOLUTTWEB AS: årsregnskap 2023 vs 2022
Grew 16% on revenue, returned to profit
approved 2024-03-15; registry 2024-03-25; journal 2024 338770
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABSOLUTTWEB AS. Revenue 4.68m NOK → 5.44m NOK (+16.2%). Net result -13.2k NOK → +243.3k NOK. Equity 439.9k NOK → 683.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABSOLUTTWEB AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.68m NOK to 5.44m NOK (+16.2% YoY). Calculated
-
↑
Operating result improved
Operating result +6 684 NOK → +314.9k NOK (op. margin 0.1% → 5.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 13.2k NOK to a profit of 243.3k NOK. Calculated
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↑
Equity strengthened
Book equity 439.9k NOK → 683.2k NOK (equity ratio 24.6% → 49.6%). Calculated
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↑
Cash rose
Bank deposits 249.1k NOK → 406.9k NOK (+63.4% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 2.39× → 0.09× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2.59m NOK → 2.65m NOK (55% → 49% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 290.0k NOK → 302.6k NOK (+4.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 938.2k NOK → 258.1k NOK. Reported fact