NORGESGRUPPEN ASA: årsregnskap 2023 vs 2022
Shrank 100% on revenue, cash halved-plus
approved 2024-03-20; registry 2024-07-13; journal 2024 548642
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for NORGESGRUPPEN ASA. Revenue 512.35m NOK → 568.3k NOK (-99.9%). Net result +909.6k NOK → +1.05m NOK. Equity 12.52bn NOK → 12.30bn NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for NORGESGRUPPEN ASA.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +909.6k NOK → +1.05m NOK (net margin 0.2% → 184.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 512.35m NOK to 568.3k NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result -162.32m NOK → -187.88m NOK (op. margin -31.7% → -33058.5%). Calculated
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↓
Equity eroded
Book equity 12.52bn NOK → 12.30bn NOK (equity ratio 42.1% → 38.8%). Calculated
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↓
Cash fell
Bank deposits 319.60m NOK → 320.8k NOK (-99.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 3.27m NOK → 3.31m NOK (1% → 583% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (319.60m NOK → 320.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 1.82bn NOK → 1.82bn NOK — check capital reduction, conversion, or reclassification. Interpretation