1891 HOLDING AS: årsregnskap 2022 vs 2021
Stronger earnings, cash halved-plus
approved 2023-06-24; registry 2023-08-22; journal 2023 702405
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 1891 HOLDING AS. Revenue 716.4k NOK → 690.5k NOK (-3.6%). Net result +3.07m NOK → +4.62m NOK. Equity 62.37m NOK → 61.98m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 1891 HOLDING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -335.0k NOK → +118.5k NOK (op. margin -46.8% → 17.2%). Calculated
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Net result improved
Net result +3.07m NOK → +4.62m NOK (net margin 428.0% → 669.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 716.4k NOK to 690.5k NOK (-3.6% YoY). Calculated
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Equity eroded
Book equity 62.37m NOK → 61.98m NOK (equity ratio 86.7% → 82.9%). Calculated
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Cash fell
Bank deposits 9.54m NOK → 2.39m NOK (-75.0% YoY). Calculated
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COGS moved
COGS / varekostnad 86.60m NOK → 103.40m NOK (+19.4% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (9.54m NOK → 2.39m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 13.40m NOK → 14.87m NOK. Reported fact