NOFENCE AS: årsregnskap 2023 vs 2022
Grew 99% on revenue, weaker earnings, cash halved-plus
approved 2024-06-26; registry 2024-07-08; journal 2024 595408
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for NOFENCE AS. Revenue 60.50m NOK → 120.19m NOK (+98.7%). Net result -26.09m NOK → -56.63m NOK. Equity 198.67m NOK → 175.31m NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for NOFENCE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 60.50m NOK to 120.19m NOK (+98.7% YoY). Calculated
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Owners injected capital
Paid-in equity rose 279.19m NOK → 314.18m NOK (+34.99m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -32.60m NOK → -81.78m NOK (op. margin -53.9% → -68.0%). Calculated
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Net result weakened
Net result -26.09m NOK → -56.63m NOK (net margin -43.1% → -47.1%). Calculated
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Equity eroded
Book equity 198.67m NOK → 175.31m NOK (equity ratio 80.7% → 70.2%). Calculated
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Cash fell
Bank deposits 107.73m NOK → 38.72m NOK (-64.1% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (107.73m NOK → 38.72m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 19.78m NOK → 31.96m NOK (33% → 27% of revenue). Calculated
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COGS moved
COGS / varekostnad 48.93m NOK → 115.99m NOK (+137.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 13.20m NOK → 17.14m NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 34 → 50. Reported fact