Org.nr 985 303 770 2021 → 2022 Year-over-year analysis

24 FRAMES PER SECOND AS: årsregnskap 2022 vs 2021

Shrank 94% on revenue, stronger earnings, cash halved-plus

approved 2023-08-18; registry 2023-08-28; journal 2023 719133

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for 24 FRAMES PER SECOND AS. Revenue 768.6k NOK → 45.0k NOK (-94.1%). Net result +191.8k NOK → +611.1k NOK. Equity 1.60m NOK → 2.21m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for 24 FRAMES PER SECOND AS.

Scorecard

Revenue
768.6k NOK 45.0k NOK
-94.1%
Operating result
-289.1k NOK +613.7k NOK
+312.3%
Net result
+191.8k NOK +611.1k NOK
+218.6%
Equity
1.60m NOK 2.21m NOK
+38.2%
Cash
912.1k NOK 94.9k NOK
-89.6%
Total assets
1.84m NOK 2.62m NOK
+42.8%

What improved

  • ↑

    Operating result improved

    Operating result -289.1k NOK → +613.7k NOK (op. margin -37.6% → 1362.4%). Calculated

  • ↑

    Net result improved

    Net result +191.8k NOK → +611.1k NOK (net margin 25.0% → 1356.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.60m NOK → 2.21m NOK (equity ratio 87.0% → 84.2%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 768.6k NOK to 45.0k NOK (-94.1% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 912.1k NOK → 94.9k NOK (-89.6% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2.62m NOK → 2.68m NOK (341% → 5947% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 372.4k NOK → 499.4k NOK. Reported fact