NORDIC VAGABONDS AS: årsregnskap 2023 vs 2022
Shrank 74% on revenue
approved 2024-05-06; registry 2024-05-07; journal 2024 399939
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for NORDIC VAGABONDS AS. Revenue 1.58m NOK → 413.5k NOK (-73.9%). Net result -265.9k NOK → -226.8k NOK. Equity -493.0k NOK → -719.8k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for NORDIC VAGABONDS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -322.5k NOK → -214.5k NOK (op. margin -20.3% → -51.9%). Calculated
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↑
Net result improved
Net result -265.9k NOK → -226.8k NOK (net margin -16.8% → -54.8%). Calculated
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↑
Cash rose
Bank deposits 16.8k NOK → 22.9k NOK (+36.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.58m NOK to 413.5k NOK (-73.9% YoY). Calculated
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↓
Equity eroded
Book equity -493.0k NOK → -719.8k NOK (equity ratio -169.8% → -353.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 583.3k NOK → 3.10m NOK (37% → 750% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -353.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 558.2k NOK → 307.1k NOK (-45.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 30.0k NOK → 45.0k NOK. Reported fact