AKERSHUS ENERGI VANNKRAFT AS: årsregnskap 2023 vs 2022
Shrank 42% on revenue, stronger earnings, cash halved-plus
approved 2024-05-31; registry 2024-06-15; journal 2024 478537
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AKERSHUS ENERGI VANNKRAFT AS. Revenue 3.43bn NOK → 1.98bn NOK (-42.2%). Net result +240.17m NOK → +515.59m NOK. Equity 2.59bn NOK → 2.96bn NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKERSHUS ENERGI VANNKRAFT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -1.11bn NOK → -159.22m NOK (op. margin -32.4% → -8.0%). Calculated
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Net result improved
Net result +240.17m NOK → +515.59m NOK (net margin 7.0% → 26.0%). Calculated
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Equity strengthened
Book equity 2.59bn NOK → 2.96bn NOK (equity ratio 58.6% → 85.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.43bn NOK to 1.98bn NOK (-42.2% YoY). Calculated
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Cash fell
Bank deposits 115.21m NOK → 38.15m NOK (-66.9% YoY). Calculated
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Payroll up without matching revenue
Salary cost 12.34m NOK → 14.26m NOK (0% → 1% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (115.21m NOK → 38.15m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 4.51bn NOK → 2.10bn NOK (-53.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 2.27bn NOK → 2.27bn NOK. Reported fact