ARCTICZYMES TECHNOLOGIES ASA: årsregnskap 2023 vs 2022
Shrank 55% on revenue, weaker earnings, cash halved-plus
approved 2024-04-28; registry 2024-08-29; journal 2024 735910
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ARCTICZYMES TECHNOLOGIES ASA. Revenue 11.44m NOK → 5.13m NOK (-55.2%). Net result +31.25m NOK → +18.44m NOK. Equity 387.2k NOK → 407.6k NOK.
On the constructive side: operating result improved; equity strengthened; owners injected capital. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ARCTICZYMES TECHNOLOGIES ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -17.81m NOK → -7.41m NOK (op. margin -155.7% → -144.5%). Calculated
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Equity strengthened
Book equity 387.2k NOK → 407.6k NOK (equity ratio 0.1% → 96.1%). Calculated
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Owners injected capital
Paid-in equity rose 365.1k NOK → 367.1k NOK (+1 967 NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 11.44m NOK to 5.13m NOK (-55.2% YoY). Calculated
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Net result weakened
Net result +31.25m NOK → +18.44m NOK (net margin 273.1% → 359.5%). Calculated
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Cash fell
Bank deposits 167.75m NOK → 155.0k NOK (-99.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 21.30× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (167.75m NOK → 155.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 169.04m NOK → 167.01m NOK. Reported fact