SHEPHERD AS: årsregnskap 2023 vs 2022
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2024-03-01; registry 2024-03-04; journal 2024 318545
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for SHEPHERD AS. Revenue 300.0k NOK → 300 NOK (-99.9%). Net result -1.05m NOK → -505.1k NOK. Equity -2.15m NOK → -2.65m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for SHEPHERD AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -1.09m NOK → -511.2k NOK (op. margin -364.7% → -170388.3%). Calculated
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Net result improved
Net result -1.05m NOK → -505.1k NOK (net margin -350.7% → -168375.3%). Calculated
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Payroll decreased
Salary cost 2.20m NOK → 94.9k NOK (735% → 31647% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 300.0k NOK to 300 NOK (-99.9% YoY). Calculated
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Equity eroded
Book equity -2.15m NOK → -2.65m NOK (equity ratio -410.4% → -6723.0%). Calculated
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Cash fell
Bank deposits 512.9k NOK → 31.0k NOK (-93.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 16.41× → 0.74× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -6723.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 792.2k NOK → 124.2k NOK (-84.3% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 1 → 0. Reported fact