SMARTDOK AS: årsregnskap 2023 vs 2022
Grew 13% on revenue, stronger earnings, larger group upstream
approved 28.05.2024; registry 17.06.2024; journal 2024 485158
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for SMARTDOK AS. Revenue 115.67m NOK → 130.95m NOK (+13.2%). Net result +26.88m NOK → +36.24m NOK. Equity 57.93m NOK → 30.10m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved; group contribution upstreamed. All figures are taken from the published annual accounts for SMARTDOK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 115.67m NOK to 130.95m NOK (+13.2% YoY). Calculated
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Operating result improved
Operating result +36.52m NOK → +44.34m NOK (op. margin 31.6% → 33.9%). Calculated
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Net result improved
Net result +26.88m NOK → +36.24m NOK (net margin 23.2% → 27.7%). Calculated
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Cash rose
Bank deposits 143.34m NOK → 162.32m NOK (+13.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 57.93m NOK → 30.10m NOK (equity ratio 36.4% → 16.7%). Calculated
Things to notice
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Payroll increased
Salary cost 46.77m NOK → 50.22m NOK (40% → 38% of revenue). Calculated
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COGS moved
COGS / varekostnad 6.41m NOK → 10.40m NOK (+62.3% YoY). Calculated
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Group contribution upstreamed
Group contribution (avgitt konsernbidrag) 29.87m NOK → 64.07m NOK. Large vs net profit (36.24m NOK) — earnings are largely upstreamed. Reported fact