Org.nr 917 811 288 2022 → 2023 Year-over-year analysis

FJORD DEFENCE GROUP ASA: årsregnskap 2023 vs 2022

Shrank 100% on revenue, slipped into loss

approved 2024-04-18; registry 2024-06-25; journal 2024 501802

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for FJORD DEFENCE GROUP ASA. Revenue 819.0k NOK → -1 000 NOK (-100.1%). Net result +3.77m NOK → -2.77m NOK. Equity 42.61m NOK → 38.40m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for FJORD DEFENCE GROUP ASA.

Scorecard

Revenue
819.0k NOK -1 000 NOK
-100.1%
Operating result
+9.72m NOK -2.47m NOK
-125.5%
Net result
+3.77m NOK -2.77m NOK
-173.4%
Equity
42.61m NOK 38.40m NOK
-9.9%
Cash
911.0k NOK 486.0k NOK
-46.7%
Total assets
48.88m NOK 48.24m NOK
-1.3%

What improved

  • ↑

    Payroll decreased

    Salary cost 4.96m NOK → 806.0k NOK. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 819.0k NOK to -1 000 NOK (-100.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +9.72m NOK → -2.47m NOK (op. margin 1186.3% → 247300.0%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 3.77m NOK profit to a loss of 2.77m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 42.61m NOK → 38.40m NOK (equity ratio 87.2% → 79.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 911.0k NOK → 486.0k NOK (-46.7% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 79.42m NOK → 78.11m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 33.35m NOK → 34.52m NOK. Reported fact