28TH PROPERTIES AS: årsregnskap 2021 vs 2020
Shrank 28% on revenue, stronger earnings
approved 2022-06-23; registry 2022-07-04; journal 2022 553405
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 28TH PROPERTIES AS. Revenue 957.6k NOK → 687.8k NOK (-28.2%). Net result +23.9k NOK → +3.00m NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; current ratio dropped below 1×.
Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for 28TH PROPERTIES AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +23.9k NOK → +3.00m NOK (net margin 2.5% → 436.8%). Calculated
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Cash rose
Bank deposits 40.9k NOK → 54.8k NOK (+34.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 957.6k NOK to 687.8k NOK (-28.2% YoY). Calculated
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↓
Operating result weakened
Operating result +247.4k NOK → -860.5k NOK (op. margin 25.8% → -125.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 14.50× → 0.60× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 75.9k NOK → 1.15m NOK (8% → 168% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 535.4k NOK → 144.7k NOK (-73.0% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 0 → 1. Reported fact