SCATEC ASA: årsregnskap 2023 vs 2022
Grew 735% on revenue, cash halved-plus
registry 2024-08-08; journal 2024 636306
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for SCATEC ASA. Revenue 751.0k NOK → 6.27m NOK (+735.0%). Net result -481.00m NOK → -399.00m NOK. Equity 10.27bn NOK → 10.30bn NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for SCATEC ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 751.0k NOK to 6.27m NOK (+735.0% YoY). Calculated
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Operating result improved
Operating result -665.00m NOK → +169.00m NOK (op. margin -88548.6% → 2694.9%). Calculated
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Net result improved
Net result -481.00m NOK → -399.00m NOK (net margin -64047.9% → -6362.6%). Calculated
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Equity strengthened
Book equity 10.27bn NOK → 10.30bn NOK (equity ratio 49.9% → 48.9%). Calculated
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Owners injected capital
Paid-in equity rose 11.38bn NOK → 11.77bn NOK (+383.00m NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 811.00m NOK → 173.00m NOK (-78.7% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.40× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (811.00m NOK → 173.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 4.27m NOK → 4.28m NOK (568% → 68% of revenue). Calculated
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COGS moved
COGS / varekostnad 797.0k NOK → 5.57m NOK (+598.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 17.50bn NOK → 18.93bn NOK. Reported fact