ACHILLES FINANS AS: årsregnskap 2023 vs 2022
Shrank 21% on revenue, stronger earnings, cash halved-plus
approved 2024-04-18; registry 2024-04-22; journal 2024 368113
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ACHILLES FINANS AS. Revenue 117.0k NOK → 92.0k NOK (-21.4%). Net result -90.0k NOK → -49.4k NOK. Equity 4.71m NOK → 4.66m NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ACHILLES FINANS AS.
At a glance
Scorecard
What improved
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Net result improved
Net result -90.0k NOK → -49.4k NOK (net margin -76.9% → -53.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 117.0k NOK to 92.0k NOK (-21.4% YoY). Calculated
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↓
Operating result weakened
Operating result +7 245 NOK → -57.1k NOK (op. margin 6.2% → -62.0%). Calculated
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↓
Equity eroded
Book equity 4.71m NOK → 4.66m NOK (equity ratio 34.2% → 50.5%). Calculated
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↓
Cash fell
Bank deposits 3.80m NOK → 952.3k NOK (-75.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.80m NOK → 952.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 1.34m NOK → 1.20m NOK. Reported fact