ERICHSEN HOLDING AS: årsregnskap 2023 vs 2022
Shrank 69% on revenue, weaker earnings, cash halved-plus
approved 2024-06-30; registry 2024-07-02; journal 2024 584600
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ERICHSEN HOLDING AS. Revenue 498.7k NOK → 154.8k NOK (-69.0%). Net result +3.38m NOK → +69.2k NOK. Equity 3.39m NOK → 455.3k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ERICHSEN HOLDING AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.28× → 1.42×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 498.7k NOK to 154.8k NOK (-69.0% YoY). Calculated
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↓
Operating result weakened
Operating result +481.2k NOK → +127.5k NOK (op. margin 96.5% → 82.4%). Calculated
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↓
Net result weakened
Net result +3.38m NOK → +69.2k NOK (net margin 677.9% → 44.7%). Calculated
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↓
Equity eroded
Book equity 3.39m NOK → 455.3k NOK (equity ratio 368.3% → 2520.4%). Calculated
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↓
Cash fell
Bank deposits 20.3k NOK → 2 740 NOK (-86.5% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 749.8k NOK → 198.5k NOK. Reported fact