2 LIVE AS: årsregnskap 2022 vs 2021
Shrank 20% on revenue, weaker earnings
approved 2023-05-25; registry 2023-05-30; journal 2023 440041
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 2 LIVE AS. Revenue 32.2k NOK → 25.8k NOK (-20.2%). Net result -130.1k NOK → -286.2k NOK. Equity -188.1k NOK → -474.3k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 2 LIVE AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 32.2k NOK to 25.8k NOK (-20.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +17.3k NOK → -134.4k NOK (op. margin 53.7% → -522.0%). Calculated
-
↓
Net result weakened
Net result -130.1k NOK → -286.2k NOK (net margin -403.3% → -1111.5%). Calculated
-
↓
Equity eroded
Book equity -188.1k NOK → -474.3k NOK (equity ratio -3.4% → -8.9%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.73× → 0.52× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -8.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 3.69m NOK → 4.91m NOK. Reported fact