Org.nr 926 829 173 2022 → 2023 Year-over-year analysis

AHMAD NORWAY AS: årsregnskap 2023 vs 2022

Shrank 47% on revenue, weaker earnings, cash halved-plus

approved 2024-06-30; registry 2024-08-07; journal 2024 719807

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for AHMAD NORWAY AS. Revenue 2.18m NOK → 1.16m NOK (-46.7%). Net result -5 292 NOK → -102.6k NOK. Equity -34.4k NOK → -137.0k NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer; headcount (årsverk) changed. All figures are taken from the published annual accounts for AHMAD NORWAY AS.

Scorecard

Revenue
2.18m NOK 1.16m NOK
-46.7%
Operating result
-5 292 NOK -98.6k NOK
-1763.2%
Net result
-5 292 NOK -102.6k NOK
-1839.1%
Equity
-34.4k NOK -137.0k NOK
-298.1%
Cash
23.4k NOK 8 361 NOK
-64.3%
Total assets
313.1k NOK 110.6k NOK
-64.7%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.18m NOK to 1.16m NOK (-46.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -5 292 NOK → -98.6k NOK (op. margin -0.2% → -8.5%). Calculated

  • ↓

    Net result weakened

    Net result -5 292 NOK → -102.6k NOK (net margin -0.2% → -8.8%). Calculated

  • ↓

    Equity eroded

    Book equity -34.4k NOK → -137.0k NOK (equity ratio -11.0% → -123.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 23.4k NOK → 8 361 NOK (-64.3% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -123.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Headcount (årsverk) changed

    Reported FTEs 2 → 1.5. Reported fact