FirmaIQ
Org.nr 990 574 693 2022 → 2023 Year-over-year analysis

ACADEMIC WORK NORWAY AS: årsregnskap 2023 vs 2022

Shrank 20% on revenue, slipped into loss

approved 2024-06-19; registry 2024-07-04; journal 2024 575669

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ACADEMIC WORK NORWAY AS. Revenue 336.99m NOK → 267.92m NOK (-20.5%). Net result +21.03m NOK → -12.45m NOK. Equity 29.47m NOK → 17.02m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for ACADEMIC WORK NORWAY AS.

At a glance

Scorecard

Revenue
336.99m NOK 267.92m NOK
-20.5%
Operating result
+26.26m NOK -18.89m NOK
-172.0%
Net result
+21.03m NOK -12.45m NOK
-159.2%
Equity
29.47m NOK 17.02m NOK
-42.3%
Cash
n/m 6.70m NOK
—
Total assets
121.84m NOK 61.16m NOK
-49.8%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 336.99m NOK to 267.92m NOK (-20.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +26.26m NOK → -18.89m NOK (op. margin 7.8% → -7.1%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 21.03m NOK profit to a loss of 12.45m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 29.47m NOK → 17.02m NOK (equity ratio 24.2% → 27.8%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 3.19bn NOK → 4.17bn NOK (948% → 1555% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 449.0k NOK → 471.3k NOK. Reported fact

  • ·

    Headcount (årsverk) changed

    Reported FTEs 314.3 → 0. Reported fact