KONGSBERG AUTOMOTIVE ASA: årsregnskap 2023 vs 2022
Shrank 12% on revenue, slipped into loss, cash halved-plus
approved 2024-03-11; registry 2024-08-20; journal 2024 723840
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for KONGSBERG AUTOMOTIVE ASA. Revenue 6.80m NOK → 6.00m NOK (-11.8%). Net result +34.10m NOK → -158.40m NOK. Equity 454.30m NOK → 259.40m 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 KONGSBERG AUTOMOTIVE ASA.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 300.0k NOK → 500 NOK (4% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.80m NOK to 6.00m NOK (-11.8% YoY). Calculated
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↓
Operating result weakened
Operating result +2.80m NOK → +2.30m NOK (op. margin 41.2% → 38.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 34.10m NOK profit to a loss of 158.40m NOK. Calculated
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↓
Equity eroded
Book equity 454.30m NOK → 259.40m NOK (equity ratio 64.2% → 49.4%). Calculated
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↓
Cash fell
Bank deposits 200.0k NOK → 400 NOK (-99.8% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 284.60m NOK → 262.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 657.80m NOK → 468.80m NOK. Reported fact