Veidekke ASA: årsregnskap 2023 vs 2022
Shrank 100% on revenue, stronger earnings
approved 2024-05-07; registry 2024-07-15; journal 2024 554911
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for Veidekke ASA. Revenue 120.00m NOK → 127.0k NOK (-99.9%). Net result +1.11m NOK → +934.00m NOK. Equity 1.28bn NOK → 1.13bn NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for Veidekke ASA.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +1.11m NOK → +934.00m NOK (net margin 0.9% → 735433.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 120.00m NOK to 127.0k NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result -163.00m NOK → -166.00m NOK (op. margin -135.8% → -130708.7%). Calculated
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↓
Equity eroded
Book equity 1.28bn NOK → 1.13bn NOK (equity ratio 22.0% → 20.4%). Calculated
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↓
Cash fell
Bank deposits 1.29bn NOK → 918.00m NOK (-29.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.12m NOK → 2.14m NOK (2% → 1687% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 1.28bn NOK → 67.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 9.29m NOK → 9.30m NOK. Reported fact