EQVA ASA: årsregnskap 2023 vs 2022
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2024-06-27; registry 2024-08-17; journal 2024 699255
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for EQVA ASA. Revenue 5.66bn NOK → 9.62m NOK (-99.8%). Net result +110.32bn NOK → +19.87m NOK. Equity 257.48m NOK → 278.75m NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for EQVA ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -25.37bn NOK → -14.97m NOK (op. margin -448.0% → -155.7%). Calculated
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↑
Equity strengthened
Book equity 257.48m NOK → 278.75m NOK (equity ratio 60.3% → 66.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.66bn NOK to 9.62m NOK (-99.8% YoY). Calculated
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↓
Net result weakened
Net result +110.32bn NOK → +19.87m NOK (net margin 1947.9% → 206.6%). Calculated
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↓
Cash fell
Bank deposits 3.17bn NOK → 2.64m NOK (-99.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 10.57m NOK → 11.50m NOK (0% → 120% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.17bn NOK → 2.64m 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 198.76bn NOK → 198.74m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 405.34bn NOK → 358.82m NOK. Reported fact