ADD ON FITNESS INTERNATIONAL AS: årsregnskap 2023 vs 2022
Shrank 16% on revenue, returned to profit
approved 2024-06-02; registry 2024-06-04; journal 2024 484967
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADD ON FITNESS INTERNATIONAL AS. Revenue 825.6k NOK → 689.8k NOK (-16.4%). Net result -161.8k NOK → +194.9k NOK. Equity 505.6k NOK → 700.5k NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADD ON FITNESS INTERNATIONAL AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 161.8k NOK to a profit of 194.9k NOK. Calculated
-
↑
Equity strengthened
Book equity 505.6k NOK → 700.5k NOK (equity ratio 53.1% → 76.5%). Calculated
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↑
Cash rose
Bank deposits 77.4k NOK → 122.0k NOK (+57.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 596.4k NOK → 232.8k NOK (72% → 34% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 825.6k NOK to 689.8k NOK (-16.4% YoY). Calculated
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↓
Operating result weakened
Operating result +108.9k NOK → +100.4k NOK (op. margin 13.2% → 14.5%). Calculated
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↓
COGS moved
COGS / varekostnad 0 NOK → 43.6k NOK (None YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 15.0k NOK → 0 NOK. Reported fact