NORWEGIAN PROPERTY ASA: årsregnskap 2023 vs 2022
Grew 17% on revenue, slipped into loss, cash halved-plus
approved 2024-04-02; registry 2024-06-03; journal 2024 404661
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for NORWEGIAN PROPERTY ASA. Revenue 53.30m NOK → 62.20m NOK (+16.7%). Net result +144.70m NOK → -6.20m NOK. Equity 2.84bn NOK → 3.01bn NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; fell into a net loss; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for NORWEGIAN PROPERTY ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 53.30m NOK to 62.20m NOK (+16.7% YoY). Calculated
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↑
Equity strengthened
Book equity 2.84bn NOK → 3.01bn NOK (equity ratio 18.6% → 17.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -64.90m NOK → -71.10m NOK (op. margin -121.8% → -114.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 144.70m NOK profit to a loss of 6.20m NOK. Calculated
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↓
Cash fell
Bank deposits 159.70m NOK → 232.4k NOK (-99.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (159.70m NOK → 232.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 92.80m NOK → 99.10m NOK (174% → 159% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 6.36bn NOK → 3.34bn NOK. Reported fact