EGW HOLDING AS: årsregnskap 2023 vs 2022
Grew 38% on revenue, slipped into loss
approved 2024-05-29; registry 2024-05-30; journal 2024 460790
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for EGW HOLDING AS. Revenue 20.5k NOK → 28.3k NOK (+37.8%). Net result +359 NOK → -5 959 NOK. Equity 19.5k NOK → 13.5k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for EGW HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 20.5k NOK to 28.3k NOK (+37.8% YoY). Calculated
-
↑
Operating result improved
Operating result +9 687 NOK → +25.2k NOK (op. margin 47.2% → 88.9%). Calculated
-
↑
Cash rose
Bank deposits 2 022 NOK → 79.5k NOK (+3829.3% YoY). Calculated
What deteriorated
-
↓
Fell into a net loss
Net result flipped from 359 NOK profit to a loss of 5 959 NOK. Calculated
-
↓
Equity eroded
Book equity 19.5k NOK → 13.5k NOK (equity ratio 2.6% → 1.3%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 740.4k NOK → 995.4k NOK. Reported fact