ABYSS GROUP AS: årsregnskap 2023 vs 2022
Shrank 94% on revenue, weaker earnings, cash halved-plus
approved 2024-06-27; registry 2024-08-08; journal 2024 638493
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABYSS GROUP AS. Revenue 31.45m NOK → 1.74m NOK (-94.5%). Net result +2.16m NOK → +436.5k NOK. Equity 268.45m NOK → 268.89m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABYSS GROUP AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 268.45m NOK → 268.89m NOK (equity ratio 64.0% → 52.6%). Calculated
-
↑
Payroll decreased
Salary cost 16.93m NOK → 3.25m NOK (54% → 187% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 31.45m NOK to 1.74m NOK (-94.5% YoY). Calculated
-
↓
Operating result weakened
Operating result +433.7k NOK → -4.33m NOK (op. margin 1.4% → -248.4%). Calculated
-
↓
Net result weakened
Net result +2.16m NOK → +436.5k NOK (net margin 6.9% → 25.0%). Calculated
-
↓
Cash fell
Bank deposits 111.66m NOK → 0 NOK (-100.0% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (111.66m NOK → 0 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS fell
COGS / varekostnad 622.7k NOK → 25.4k NOK (-95.9% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 260.22m NOK → 298.63m NOK. Reported fact