ENTRA ASA: årsregnskap 2023 vs 2022
Grew 34% on revenue, slipped into loss, cash halved-plus
approved 2024-04-23; registry 2024-05-06; journal 2024 397225
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ENTRA ASA. Revenue 167.0k NOK → 223.0k NOK (+33.5%). Net result +434.0k NOK → -1.35m NOK. Equity 4.00bn NOK → 2.64bn NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ENTRA ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 167.0k NOK to 223.0k NOK (+33.5% YoY). Calculated
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Operating result improved
Operating result -209.00m NOK → -193.00m NOK (op. margin -125149.7% → -86547.1%). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 434.0k NOK profit to a loss of 1.35m NOK. Calculated
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↓
Equity eroded
Book equity 4.00bn NOK → 2.64bn NOK (equity ratio 8.6% → 5.8%). Calculated
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↓
Cash fell
Bank deposits 168.00m NOK → 11.00m NOK (-93.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.8% 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 (168.00m NOK → 11.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 4.29m NOK → 4.31m NOK (2566% → 1931% of revenue). Calculated
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Book investments changed
Investment / intangible book value 322.00m NOK → 272.00m NOK. Reported fact