SMARTOPTICS GROUP ASA: årsregnskap 2023 vs 2022
Weaker earnings, cash halved-plus
approved 2024-04-16; registry 2024-08-03; journal 2024 617285
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for SMARTOPTICS GROUP ASA. Revenue 0 NOK → 0 NOK (0.0%). Net result +62.71m NOK → +25.76m NOK. Equity 204.8k NOK → 181.08m NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for SMARTOPTICS GROUP ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 204.8k NOK → 181.08m NOK (equity ratio 77.8% → 72.7%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 3.04×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -8.27m NOK → -9.51m NOK. Calculated
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↓
Net result weakened
Net result +62.71m NOK → +25.76m NOK. Calculated
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↓
Cash fell
Bank deposits 20.45m NOK → 987.0k NOK (-95.2% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 7.03m NOK → 8.55m NOK. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (20.45m NOK → 987.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 42.78m NOK → 42.78m NOK. Reported fact