PRONOFA ASA: årsregnskap 2023 vs 2022
Shrank 75% on revenue, stronger earnings, cash halved-plus
approved 2024-06-26; registry 2024-07-29; journal 2024 683423
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for PRONOFA ASA. Revenue 234.0k NOK → 57.4k NOK (-75.5%). Net result -48.62m NOK → -26.95m NOK. Equity 164.04m NOK → 137.09m 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; book investments changed. All figures are taken from the published annual accounts for PRONOFA ASA.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -48.62m NOK → -26.95m NOK (net margin -20782.6% → -46930.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 234.0k NOK to 57.4k NOK (-75.5% YoY). Calculated
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↓
Operating result weakened
Operating result -23.17m NOK → -30.86m NOK (op. margin -9904.3% → -53732.4%). Calculated
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↓
Equity eroded
Book equity 164.04m NOK → 137.09m NOK (equity ratio 93.7% → 94.2%). Calculated
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↓
Cash fell
Bank deposits 119.74m NOK → 46.85m NOK (-60.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 756.1k NOK → 19.43m NOK (323% → 33839% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (119.74m NOK → 46.85m 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 220.97m NOK → 137.09m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 49.83m NOK → 13.7k NOK. Reported fact