MAGNORA ASA: årsregnskap 2023 vs 2022
Shrank 49% on revenue, stronger earnings, cash halved-plus
approved 2024-04-23; registry 2024-08-13; journal 2024 670479
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for MAGNORA ASA. Revenue 100.00m NOK → 51.00m NOK (-49.0%). Net result +71.00m NOK → +249.00m NOK. Equity 482.0k NOK → 682.0k NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for MAGNORA ASA.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +71.00m NOK → +249.00m NOK (net margin 71.0% → 488.2%). Calculated
-
↑
Equity strengthened
Book equity 482.0k NOK → 682.0k NOK (equity ratio 85.3% → 98.4%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 100.00m NOK to 51.00m NOK (-49.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +60.00m NOK → -13.00m NOK (op. margin 60.0% → -25.5%). Calculated
-
↓
Cash fell
Bank deposits 167.00m NOK → 329.0k NOK (-99.8% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 25.00m NOK → 40.00m NOK (25% → 78% of revenue). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (167.00m NOK → 329.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 296.00m NOK → 341.0k NOK. Reported fact