ARRIBATEC GROUP ASA: årsregnskap 2023 vs 2022
Shrank 60% on revenue, stronger earnings, cash halved-plus
approved 2024-05-27; registry 2024-07-02; journal 2024 530271
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ARRIBATEC GROUP ASA. Revenue 4.36m NOK → 1.76m NOK (-59.5%). Net result -41.73m NOK → -22.05m NOK. Equity 12.34m NOK → 330.27m 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; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ARRIBATEC GROUP ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -42.06m NOK → -26.82m NOK (op. margin -964.7% → -1519.3%). Calculated
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Net result improved
Net result -41.73m NOK → -22.05m NOK (net margin -957.0% → -1249.3%). Calculated
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Equity strengthened
Book equity 12.34m NOK → 330.27m NOK (equity ratio 3.0% → 78905.0%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.36m NOK to 1.76m NOK (-59.5% YoY). Calculated
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Cash fell
Bank deposits 3.47m NOK → 1.28m NOK (-63.2% YoY). Calculated
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Payroll up without matching revenue
Salary cost 16.57m NOK → 23.32m NOK (380% → 1321% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.47m NOK → 1.28m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 409.00m NOK → 411.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 21.15m NOK → 3.23m NOK (-84.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 343.8k NOK → 374.9k NOK. Reported fact