20/20 PICTURES AS: årsregnskap 2023 vs 2022
Shrank 80% on revenue, stronger earnings
approved 2024-06-11; registry 2024-06-27; journal 2024 553083
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 20/20 PICTURES AS. Revenue 100.0k NOK → 19.6k NOK (-80.4%). Net result -161.9k NOK → -29.4k NOK. Equity -1.35m NOK → -1.38m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 20/20 PICTURES AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -162.0k NOK → -27.9k NOK (op. margin -162.0% → -142.1%). Calculated
-
↑
Net result improved
Net result -161.9k NOK → -29.4k NOK (net margin -161.9% → -149.8%). Calculated
-
↑
Cash rose
Bank deposits 0 NOK → 2 141 NOK (None YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 100.0k NOK to 19.6k NOK (-80.4% YoY). Calculated
-
↓
Equity eroded
Book equity -1.35m NOK → -1.38m NOK. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -644.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 127.1k NOK → 19.6k NOK (-84.6% YoY). Calculated