NORDIC MINING ASA: årsregnskap 2023 vs 2022
Grew 356% on revenue, weaker earnings, fresh owner capital
approved 2024-05-23; registry 2024-08-03; journal 2024 616525
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for NORDIC MINING ASA. Revenue 9.72m NOK → 44.37m NOK (+356.3%). Net result +399.46m NOK → +50.78m NOK. Equity 9.87m NOK → 2.04m NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for NORDIC MINING ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 9.72m NOK to 44.37m NOK (+356.3% YoY). Calculated
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Operating result improved
Operating result -8.83m NOK → +15.98m NOK (op. margin -90.8% → 36.0%). Calculated
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Current ratio back above 1×
Current ratio 0.94× → 24.96×. Calculated
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Owners injected capital
Paid-in equity rose 474.9k NOK → 1.59m NOK (+1.12m NOK). Reported fact
What deteriorated
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Net result weakened
Net result +399.46m NOK → +50.78m NOK (net margin 4108.4% → 114.4%). Calculated
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Equity eroded
Book equity 9.87m NOK → 2.04m NOK (equity ratio 970.0% → 0.1%). Calculated
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Cash fell
Bank deposits 132.32m NOK → 112.82m NOK (-14.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 9.63m NOK → 15.08m NOK (99% → 34% of revenue). Calculated
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Book investments changed
Investment / intangible book value 11 NOK → 1.93m NOK. Reported fact