Banérgatan 83
115 53 Stockholm
Banérgatan 83
115 53 Stockholm
Analysis of Annual Report
1. Financial Performance: The company showed a significant decline in its financial performance from 2022 to 2023. In 2022, the company had a net income of SEK 23,372 driven by net revenues of SEK 30,824. However, in 2023, the company recorded zero revenues and a net loss of SEK 1,673. The primary costs were external expenses amounting to SEK 1,673.
2. Balance Sheet: The company's total assets as of December 31, 2023, stood at SEK 45,799, a drop from SEK 53,301 in the previous year. This decrease is primarily due to a reduction in cash and bank balances. The equity remained strong with a total of SEK 45,799, though a bit lower than the previous year's SEK 47,472. There were no short-term liabilities at year-end, compared to SEK 5,829 in tax liabilities at the end of 2022.
3. Cash Flow: The cash position decreased from SEK 53,301 to SEK 45,799 over the year, reflecting the net cash used in operations.
4. Key Ratios: The solidity of the company improved to 100% compared to 89% last year, indicating a debt-free status and reliance solely on equity financing.
5. Operations Overview: The company did not engage in any business activities during 2023. Its main purpose was to operate as a possible secondary business. The revenue in 2022 was due to testing a certain model which did not continue in 2023.
6. Equity Movements:
In summary, the annual report illustrates a dormant year for the company in terms of business activity, a negative financial outcome, but a stable equity position and an absence of liabilities at the end of the year. Future strategic planning will be crucial for reviving operational activities and improving financial results.
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