OTOVO ASA: årsregnskap 2023 vs 2022
Shrank 100% on revenue, stronger earnings, fresh owner capital
approved 2024-04-17; registry 2024-05-23; journal 2024 373229
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for OTOVO ASA. Revenue 2.25bn NOK → 2.40m NOK (-99.9%). Net result -64.08m NOK → -39.67m NOK. Equity 877.0k NOK → 1.56m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for OTOVO ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -77.70m NOK → -75.31m NOK (op. margin -3.5% → -3143.9%). Calculated
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Net result improved
Net result -64.08m NOK → -39.67m NOK (net margin -2.9% → -1656.1%). Calculated
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Equity strengthened
Book equity 877.0k NOK → 1.56m NOK (equity ratio 89.3% → 94.6%). Calculated
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Cash rose
Bank deposits 45.87m NOK → 432.30m NOK (+842.5% YoY). Calculated
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Owners injected capital
Paid-in equity rose 1.20m NOK → 1.92bn NOK (+1.92bn NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.25bn NOK to 2.40m NOK (-99.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.71× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 87.19m NOK → 3.12bn NOK (4% → 130057% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 149.83m NOK → 244.3k NOK (-99.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 745.4k NOK → 1.01m NOK. Reported fact