24SEVENSOCIAL AS: årsregnskap 2022 vs 2021
Shrank 11% on revenue, weaker earnings, cash halved-plus
registry 2023-08-01; journal 2023 631870
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 24SEVENSOCIAL AS. Revenue 4.31m NOK → 3.83m NOK (-11.1%). Net result -1.50m NOK → -5.64m NOK. Equity 7.01m NOK → 1.37m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for 24SEVENSOCIAL AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.80m NOK → 2.53m NOK (65% → 66% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.31m NOK to 3.83m NOK (-11.1% YoY). Calculated
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↓
Operating result weakened
Operating result -3.68m NOK → -5.58m NOK (op. margin -85.3% → -145.6%). Calculated
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↓
Net result weakened
Net result -1.50m NOK → -5.64m NOK (net margin -34.9% → -147.0%). Calculated
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↓
Equity eroded
Book equity 7.01m NOK → 1.37m NOK (equity ratio 78.3% → 19.9%). Calculated
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↓
Cash fell
Bank deposits 373.5k NOK → 104.8k NOK (-72.0% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 7.01m NOK → 2.61m NOK — check capital reduction, conversion, or reclassification. Interpretation