21-5 NORGE AS: årsregnskap 2023 vs 2022
Shrank 88% on revenue, weaker earnings, cash halved-plus
approved 2024-07-03; registry 2024-07-30; journal 2024 686468
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 21-5 NORGE AS. Revenue 5.07m NOK → 599.6k NOK (-88.2%). Net result -2.19m NOK → -4.18m NOK. Equity -9.61m NOK → -13.79m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; headcount (årsverk) changed. All figures are taken from the published annual accounts for 21-5 NORGE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -1.74m NOK → -1.71m NOK (op. margin -34.2% → -284.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.07m NOK to 599.6k NOK (-88.2% YoY). Calculated
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↓
Net result weakened
Net result -2.19m NOK → -4.18m NOK (net margin -43.2% → -696.3%). Calculated
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↓
Equity eroded
Book equity -9.61m NOK → -13.79m NOK (equity ratio -32.5% → -194.9%). Calculated
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↓
Cash fell
Bank deposits 29.12m NOK → 7.07m NOK (-75.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.10m NOK → 2.66m NOK (41% → 443% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -194.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (29.12m NOK → 7.07m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Headcount (årsverk) changed
Reported FTEs 2 → 0. Reported fact