Analysis of the Annual Report for Parint AB:
1. Overview:
The financial report for Parint AB covers the fiscal period from December 13, 2022, to December 31, 2023. The company is headquartered in Lund and engages in the ownership and management of both real and personal property.
2. Financial Performance:
- Revenue & Expenses: The company’s net sales for the period were non-existent, and the operating expenses amounted to 6,347 SEK, resulting in an operating loss of 6,347 SEK.
- Financial Income: Interest and similar income were reported at 75,987 SEK, primarily from dividends (74,537 SEK) and interest income (1,450 SEK).
- Net Profit: After accounting for financial income, the company achieved a net profit of 69,640 SEK.
3. Balance Sheet:
- Assets: The company’s total assets were recorded at 6,964,837 SEK, predominantly composed of long-term securities holdings (6,864,441 SEK) and cash and bank balances (100,396 SEK).
- Equity: The equity amounted to 6,959,143 SEK, with share capital at 34,448 SEK, a share premium reserve of 24,875 SEK, and retained earnings of 6,830,180 SEK.
- Liabilities: The company reported minimal liabilities, including accrued expenses and deferred income totaling 5,694 SEK, indicating a strong equity position relative to its debt.
4. Key Events:
During the reporting period, the company undertook a significant share issue on January 23, 2023, successfully generating new capital through a fully subscribed issuance of 6,864,503 shares.
5. Proposed Dividend:
The board proposed a dividend of 165,348 SEK, with the remaining profits of 6,734,472 SEK carried forward to the next fiscal year.
Summary:
Parint AB exhibits a robust financial position with significant financial income and minimal operating expenses. The balance sheet shows strong equity and negligible liabilities. However, the lack of operational revenue signifies the company’s heavy reliance on financial income. The share issuance reflects a strategic move to bolster financial strength, and the proposed dividend indicates healthy profit distribution.
This analysis provides a snapshot of Parint AB’s financial health and strategic decisions during the fiscal year 2022/2023.
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