10MILESNORTH AS: årsregnskap 2022 vs 2021
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2023-04-16; registry 2023-04-26; journal 2023 370716
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 10MILESNORTH AS. Revenue 572.6k NOK → 1 122 NOK (-99.8%). Net result -656.2k NOK → -302.6k NOK. Equity -2.29m NOK → -2.60m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for 10MILESNORTH AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -639.0k NOK → -282.2k NOK (op. margin -111.6% → -25150.0%). Calculated
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Net result improved
Net result -656.2k NOK → -302.6k NOK (net margin -114.6% → -26966.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 572.6k NOK to 1 122 NOK (-99.8% YoY). Calculated
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↓
Equity eroded
Book equity -2.29m NOK → -2.60m NOK (equity ratio -33.4% → -38.1%). Calculated
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↓
Cash fell
Bank deposits 58.3k NOK → 6 499 NOK (-88.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -38.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 15.7k NOK → 9 700 NOK (-38.2% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 1 → 0. Reported fact