NORDA ASA: årsregnskap 2023 vs 2022
Shrank 32% on revenue, weaker earnings, cash halved-plus
approved 2024-08-06; registry 2024-08-26; journal 2024 731657
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for NORDA ASA. Revenue 127.97m NOK → 86.92m NOK (-32.1%). Net result +100.24m NOK → +31.17m NOK. Equity 5.33bn NOK → 6.31bn NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for NORDA ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 5.33bn NOK → 6.31bn NOK (equity ratio 770.2% → 767.7%). Calculated
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↑
Payroll decreased
Salary cost 1.10m NOK → 1.09m NOK (1% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 127.97m NOK to 86.92m NOK (-32.1% YoY). Calculated
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↓
Operating result weakened
Operating result +108.44m NOK → +54.51m NOK (op. margin 84.7% → 62.7%). Calculated
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↓
Net result weakened
Net result +100.24m NOK → +31.17m NOK (net margin 78.3% → 35.9%). Calculated
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↓
Cash fell
Bank deposits 2.81m NOK → 1.04m NOK (-63.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.81m NOK → 1.04m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 74.91m NOK → 52.92m NOK. Reported fact