&MORE AS: årsregnskap 2023 vs 2022
Grew 6% on revenue
approved 2024-03-14; registry 2024-03-16; journal 2024 329131
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for &MORE AS. Revenue 2.01m NOK → 2.14m NOK (+6.2%). Net result +716.0k NOK → +801.7k NOK. Equity 31.0k NOK → 31.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for &MORE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.01m NOK to 2.14m NOK (+6.2% YoY). Calculated
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Operating result improved
Operating result +920.6k NOK → +1.02m NOK (op. margin 45.8% → 47.8%). Calculated
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Net result improved
Net result +716.0k NOK → +801.7k NOK (net margin 35.6% → 37.5%). Calculated
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↑
Cash rose
Bank deposits 1.04m NOK → 1.14m NOK (+9.0% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 1.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation