AJ HORGENS VEI 1-9 AS: årsregnskap 2023 vs 2022
Shrank 72% on revenue, weaker earnings, cash halved-plus
approved 2024-06-27; registry 2024-08-24; journal 2024 729214
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AJ HORGENS VEI 1-9 AS. Revenue 974.4k NOK → 277.4k NOK (-71.5%). Net result -138.6k NOK → -200.6k NOK. Equity -104.1k NOK → -304.7k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AJ HORGENS VEI 1-9 AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +640.4k NOK → +841.7k NOK (op. margin 65.7% → 303.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 974.4k NOK to 277.4k NOK (-71.5% YoY). Calculated
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↓
Net result weakened
Net result -138.6k NOK → -200.6k NOK (net margin -14.2% → -72.3%). Calculated
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↓
Equity eroded
Book equity -104.1k NOK → -304.7k NOK (equity ratio -0.5% → -1.3%). Calculated
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↓
Cash fell
Bank deposits 437.9k NOK → 65.7k NOK (-85.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation