ELOPAK ASA: årsregnskap 2023 vs 2022
Grew 8% on revenue, stronger earnings, cash halved-plus
approved 2024-05-13; registry 2024-06-05; journal 2024 416442
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ELOPAK ASA. Revenue 574.6k NOK → 623.0k NOK (+8.4%). Net result +23.52m NOK → +35.53m NOK. Equity 163.81m NOK → 165.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ELOPAK ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 574.6k NOK to 623.0k NOK (+8.4% YoY). Calculated
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Operating result improved
Operating result -17.50m NOK → +5.55m NOK (op. margin -3045.2% → 891.4%). Calculated
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Net result improved
Net result +23.52m NOK → +35.53m NOK (net margin 4092.7% → 5703.4%). Calculated
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Current ratio back above 1×
Current ratio 0.99× → 746.89×. Calculated
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Payroll decreased
Salary cost 8.18m NOK → 6.19m NOK (1423% → 994% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 163.81m NOK → 165.6k NOK (equity ratio 23581.6% → 0.0%). Calculated
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Cash fell
Bank deposits 14.98m NOK → 216.0k NOK (-98.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (14.98m NOK → 216.0k 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 120.11m NOK → 120.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS moved
COGS / varekostnad 508.8k NOK → 527.1k NOK (+3.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 414.7k NOK → 405.89m NOK. Reported fact