24SEVENOFFICE NORWAY AS: årsregnskap 2022 vs 2021
Grew 14% on revenue, weaker earnings, cash halved-plus
approved 2023-03-30; registry 2023-05-06; journal 2023 384842
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 24SEVENOFFICE NORWAY AS. Revenue 162.44m NOK → 184.54m NOK (+13.6%). Net result -13.36m NOK → -87.03m NOK. Equity 22.13m NOK → 85.10m NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 24SEVENOFFICE NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 162.44m NOK to 184.54m NOK (+13.6% YoY). Calculated
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↑
Equity strengthened
Book equity 22.13m NOK → 85.10m NOK (equity ratio 5.2% → 25.0%). Calculated
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↑
Owners injected capital
Paid-in equity rose 21.21m NOK → 85.10m NOK (+63.89m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -13.83m NOK → -70.05m NOK (op. margin -8.5% → -38.0%). Calculated
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↓
Net result weakened
Net result -13.36m NOK → -87.03m NOK (net margin -8.2% → -47.2%). Calculated
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↓
Cash fell
Bank deposits 251.56m NOK → 109.57m NOK (-56.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 81.35m NOK → 5.12bn NOK (50% → 2773% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 10.66m NOK → 11.60m NOK (+8.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 17.2k NOK → 22.86m NOK. Reported fact