Org.nr 997 410 440 2022 → 2023 Year-over-year analysis

NORDIC FINANCIALS ASA: årsregnskap 2023 vs 2022

Shrank 100% on revenue, weaker earnings

approved 2024-05-31; registry 2024-08-17; journal 2024 700856

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for NORDIC FINANCIALS ASA. Revenue 2.64m NOK → 0 NOK (-100.0%). Net result -1.97m NOK → -3.30m NOK. Equity 92.08m NOK → 88.78m NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORDIC FINANCIALS ASA.

Scorecard

Revenue
2.64m NOK 0 NOK
-100.0%
Operating result
-6.45m NOK -7.45m NOK
-15.5%
Net result
-1.97m NOK -3.30m NOK
-67.0%
Equity
92.08m NOK 88.78m NOK
-3.6%
Cash
3.46m NOK 3.04m NOK
-12.1%
Total assets
123.55m NOK 120.65m NOK
-2.4%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.64m NOK to 0 NOK (-100.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -6.45m NOK → -7.45m NOK. Calculated

  • ↓

    Net result weakened

    Net result -1.97m NOK → -3.30m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 92.08m NOK → 88.78m NOK (equity ratio 74.5% → 73.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.46m NOK → 3.04m NOK (-12.1% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 141.23m NOK → 122.11m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 13 NOK → 1.08m NOK. Reported fact