21ST COMPANY AS: årsregnskap 2022 vs 2021
Shrank 33% on revenue, weaker earnings
registry 2023-05-22; journal 2023 415834
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 21ST COMPANY AS. Revenue 741.7k NOK → 499.0k NOK (-32.7%). Net result -476.5k NOK → -1.55m NOK. Equity -61.3k NOK → -1.21m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for 21ST COMPANY AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 19.4k NOK → 25.9k NOK (+33.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 741.7k NOK to 499.0k NOK (-32.7% YoY). Calculated
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↓
Operating result weakened
Operating result -475.8k NOK → -1.51m NOK (op. margin -64.1% → -301.8%). Calculated
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↓
Net result weakened
Net result -476.5k NOK → -1.55m NOK (net margin -64.2% → -311.3%). Calculated
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↓
Equity eroded
Book equity -61.3k NOK → -1.21m NOK (equity ratio -18.1% → -336.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -336.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 967.5k NOK → 367.5k NOK — check capital reduction, conversion, or reclassification. Interpretation