TEKNA HOLDING ASA: årsregnskap 2023 vs 2022
Grew 51% on revenue, returned to profit, cash halved-plus
approved 2024-05-15; registry 2024-06-20; journal 2024 488537
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for TEKNA HOLDING ASA. Revenue 27.66m NOK → 41.88m NOK (+51.4%). Net result -320.1k NOK → +1.97m NOK. Equity 168.93m NOK → 170.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for TEKNA HOLDING ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 27.66m NOK to 41.88m NOK (+51.4% YoY). Calculated
-
↑
Operating result improved
Operating result -1.64m NOK → -1.56m NOK (op. margin -5.9% → -3.7%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 320.1k NOK to a profit of 1.97m NOK. Calculated
-
↑
Payroll decreased
Salary cost 103.0k NOK → 371 NOK (0% → 0% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 168.93m NOK → 170.9k NOK (equity ratio 99.9% → 98.6%). Calculated
-
↓
Cash fell
Bank deposits 3.98m NOK → 1.42m NOK (-64.3% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.98m NOK → 1.42m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS moved
COGS / varekostnad 17.54m NOK → 22.66m NOK (+29.2% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 165.03m NOK → 171.6k NOK. Reported fact