AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS: årsregnskap 2023 vs 2022
Grew 8% on revenue, weaker earnings, cash halved-plus
approved 2024-05-24; registry 2024-06-11; journal 2024 444642
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS. Revenue 38.18m NOK → 41.07m NOK (+7.6%). Net result +1.20m NOK → +830.2k NOK. Equity 4.95m NOK → 5.18m NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 38.18m NOK to 41.07m NOK (+7.6% YoY). Calculated
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Equity strengthened
Book equity 4.95m NOK → 5.18m NOK (equity ratio 34.3% → 50.6%). Calculated
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Payroll decreased
Salary cost 10.86m NOK → 10.73m NOK (28% → 26% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.60m NOK → +1.11m NOK (op. margin 4.2% → 2.7%). Calculated
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Net result weakened
Net result +1.20m NOK → +830.2k NOK (net margin 3.2% → 2.0%). Calculated
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Cash fell
Bank deposits 6.33m NOK → 1.92m NOK (-69.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (6.33m NOK → 1.92m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 22.39m NOK → 25.49m NOK (+13.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 291.8k NOK → 137.3k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 15 → 14. Reported fact