FirmaIQ
Org.nr 924 847 301 2022 → 2023 Year-over-year analysis

AKA FREE HANDS AS: årsregnskap 2023 vs 2022

Shrank 87% on revenue, slipped into loss

approved 2024-05-09; registry 2024-06-29; journal 2024 569402

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for AKA FREE HANDS AS. Revenue 90.7k NOK → 12.0k NOK (-86.8%). Net result +8 469 NOK → -42.2k NOK. Equity -46.5k NOK → -88.7k NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKA FREE HANDS AS.

At a glance

Scorecard

Revenue
90.7k NOK 12.0k NOK
-86.8%
Operating result
+8 428 NOK -42.3k NOK
-601.6%
Net result
+8 469 NOK -42.2k NOK
-598.8%
Equity
-46.5k NOK -88.7k NOK
-90.8%
Cash
36.8k NOK 33.2k NOK
-9.7%
Total assets
48.8k NOK 36.2k NOK
-25.8%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 90.7k NOK to 12.0k NOK (-86.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +8 428 NOK → -42.3k NOK (op. margin 9.3% → -352.3%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 8 469 NOK profit to a loss of 42.2k NOK. Calculated

  • ↓

    Equity eroded

    Book equity -46.5k NOK → -88.7k NOK (equity ratio -95.4% → -245.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 36.8k NOK → 33.2k NOK (-9.7% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -245.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation