25.TIME AS: årsregnskap 2022 vs 2021
Grew 20% on revenue, weaker earnings
approved 2023-06-26; registry 2023-07-10; journal 2023 594749
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 25.TIME AS. Revenue 220.3k NOK → 264.6k NOK (+20.1%). Net result +114.3k NOK → +66.7k NOK. Equity 35.2k NOK → 101.8k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for 25.TIME AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 220.3k NOK to 264.6k NOK (+20.1% YoY). Calculated
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↑
Equity strengthened
Book equity 35.2k NOK → 101.8k NOK (equity ratio 37.7% → 79.3%). Calculated
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↑
Cash rose
Bank deposits 92.2k NOK → 113.2k NOK (+22.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +153.0k NOK → +88.2k NOK (op. margin 69.5% → 33.3%). Calculated
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↓
Net result weakened
Net result +114.3k NOK → +66.7k NOK (net margin 51.9% → 25.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 6 750 NOK (0% → 3% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 98.8k NOK → 10.2k NOK. Reported fact