INTEGRATED WIND SOLUTIONS ASA: årsregnskap 2023 vs 2022
Grew 1539921% on revenue, returned to profit, cash halved-plus
approved 2024-05-07; registry 2024-08-19; journal 2024 717192
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for INTEGRATED WIND SOLUTIONS ASA. Revenue 947 NOK → 14.58m NOK (+1539921.1%). Net result -24.72m NOK → +36.44m NOK.
On the constructive side: revenue rose; turned profitable; owners injected capital. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for INTEGRATED WIND SOLUTIONS ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 947 NOK to 14.58m NOK (+1539921.1% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 24.72m NOK to a profit of 36.44m NOK. Calculated
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Owners injected capital
Paid-in equity rose 10 NOK → 1.37bn NOK (+1.37bn NOK). Reported fact
What deteriorated
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Operating result weakened
Operating result -20.32m NOK → -28.91m NOK (op. margin -2145723.3% → -198.3%). Calculated
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Cash fell
Bank deposits 198.45m NOK → 262.8k NOK (-99.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 52.48× → 0.02× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (198.45m NOK → 262.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 824.6k NOK → 1.15m NOK. Reported fact