1.618 GROUP AS: årsregnskap 2022 vs 2021
Shrank 100% on revenue, weaker earnings
approved 2023-06-30; registry 2023-07-24; journal 2023 645349
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 1.618 GROUP AS. Revenue 3.47m NOK → 3 019 NOK (-99.9%). Net result -193.8k NOK → -257.9k NOK. Equity -11.7k NOK → -269.6k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 1.618 GROUP AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.55× → 758.26×. Calculated
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↑
Payroll decreased
Salary cost 515.8k NOK → 4 596 NOK (15% → 152% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.47m NOK to 3 019 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result -192.9k NOK → -249.6k NOK (op. margin -5.6% → -8268.7%). Calculated
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↓
Net result weakened
Net result -193.8k NOK → -257.9k NOK (net margin -5.6% → -8541.2%). Calculated
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↓
Equity eroded
Book equity -11.7k NOK → -269.6k NOK (equity ratio -0.8% → -21.6%). Calculated
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↓
Cash fell
Bank deposits 307.9k NOK → 191.6k NOK (-37.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -21.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation