1-2-TRE AS: årsregnskap 2022 vs 2021
Shrank 66% on revenue, weaker earnings, cash halved-plus
approved 2023-07-24; registry 2023-07-26; journal 2023 654246
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 1-2-TRE AS. Revenue 274.9k NOK → 94.7k NOK (-65.5%). Net result -38.9k NOK → -117.5k NOK. Equity -276.1k NOK → -393.6k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 1-2-TRE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 274.9k NOK to 94.7k NOK (-65.5% YoY). Calculated
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↓
Operating result weakened
Operating result -40.3k NOK → -118.3k NOK (op. margin -14.7% → -124.9%). Calculated
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↓
Net result weakened
Net result -38.9k NOK → -117.5k NOK (net margin -14.1% → -124.0%). Calculated
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↓
Equity eroded
Book equity -276.1k NOK → -393.6k NOK (equity ratio -95.4% → -182.4%). Calculated
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↓
Cash fell
Bank deposits 45.0k NOK → 14.3k NOK (-68.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -182.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 140.4k NOK → 131.6k NOK (-6.2% YoY). Calculated