CIRCIO HOLDING ASA: årsregnskap 2023 vs 2022
Grew 573% on revenue, stronger earnings
approved 2024-06-19; registry 2024-08-07; journal 2024 629459
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for CIRCIO HOLDING ASA. Revenue 16.0k NOK → 108.0k NOK (+573.3%). Net result -790.32m NOK → -45.38m NOK. Equity 1.44m NOK → -28.44m NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for CIRCIO HOLDING ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 16.0k NOK to 108.0k NOK (+573.3% YoY). Calculated
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Net result improved
Net result -790.32m NOK → -45.38m NOK (net margin -4926887.4% → -42021.3%). Calculated
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Cash rose
Bank deposits 2.49m NOK → 12.97m NOK (+420.6% YoY). Calculated
What deteriorated
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Operating result weakened
Operating result -3.71m NOK → -7.47m NOK (op. margin -23122.0% → -6913.9%). Calculated
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↓
Equity eroded
Book equity 1.44m NOK → -28.44m NOK (equity ratio 42.7% → -161.0%). Calculated
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Current ratio dropped below 1×
Current ratio 1.75× → 0.38× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -161.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 18.85m NOK → 4.48m NOK — check capital reduction, conversion, or reclassification. Interpretation