TWO AS: årsregnskap 2023 vs 2022
Shrank 22% on revenue, weaker earnings, cash halved-plus
approved 2024-08-20; registry 2024-09-16; journal 2024 747443
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for TWO AS. Revenue 174.2k NOK → 136.6k NOK (-21.6%). Net result -30.78m NOK → -55.21m NOK. Equity 4.24bn NOK → 8.19bn NOK.
On the constructive side: equity strengthened; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for TWO AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 4.24bn NOK → 8.19bn NOK (equity ratio 1616.6% → 3450.6%). Calculated
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Owners injected capital
Paid-in equity rose 285.10m NOK → 291.46m NOK (+6.36m NOK). Reported fact
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Payroll decreased
Salary cost 10.81m NOK → 51.1k NOK (6205% → 37% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 174.2k NOK to 136.6k NOK (-21.6% YoY). Calculated
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Operating result weakened
Operating result -42.94m NOK → -59.29m NOK (op. margin -24647.1% → -43409.5%). Calculated
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↓
Net result weakened
Net result -30.78m NOK → -55.21m NOK (net margin -17664.7% → -40422.2%). Calculated
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↓
Cash fell
Bank deposits 37.10m NOK → 14.57m NOK (-60.7% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 24.75m NOK → 29.29m NOK (+18.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (37.10m NOK → 14.57m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation