POLARIS MEDIA ASA: årsregnskap 2023 vs 2022
Grew 15% on revenue, slipped into loss
approved 2024-05-07; registry 2024-07-18; journal 2024 578236
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for POLARIS MEDIA ASA. Revenue 20.22m NOK → 23.16m NOK (+14.6%). Net result +42.21m NOK → -25.56m NOK. Equity 297.76m NOK → 225.74m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: fell into a net loss; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for POLARIS MEDIA ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 20.22m NOK to 23.16m NOK (+14.6% YoY). Calculated
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↑
Operating result improved
Operating result -95.69m NOK → -93.41m NOK (op. margin -473.3% → -403.2%). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 42.21m NOK profit to a loss of 25.56m NOK. Calculated
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↓
Equity eroded
Book equity 297.76m NOK → 225.74m NOK (equity ratio 16.7% → 12.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 165.58× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 297.76m NOK → 225.74m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 9.55m NOK → 9.52m NOK (-0.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.57bn NOK → 1.58bn NOK. Reported fact