SOLVANG ASA: årsregnskap 2023 vs 2022
Stronger earnings, cash halved-plus
approved 2024-05-28; registry 2024-06-25; journal 2024 501324
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for SOLVANG ASA. Revenue 89.70m NOK → 86.74m NOK (-3.3%). Net result +620.3k NOK → +469.66m NOK. Equity 2.71bn NOK → 2.62bn NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for SOLVANG ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -28.73m NOK → -23.20m NOK (op. margin -32.0% → -26.8%). Calculated
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Net result improved
Net result +620.3k NOK → +469.66m NOK (net margin 0.7% → 541.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 89.70m NOK to 86.74m NOK (-3.3% YoY). Calculated
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↓
Equity eroded
Book equity 2.71bn NOK → 2.62bn NOK (equity ratio 45.9% → 43.4%). Calculated
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↓
Cash fell
Bank deposits 273.43m NOK → 602.7k NOK (-99.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (273.43m NOK → 602.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 5.58bn NOK → 5.40bn NOK. Reported fact