29 MINUTE BOOKS AS: årsregnskap 2022 vs 2021
Grew 700% on revenue, returned to profit
approved 2023-07-24; registry 2023-08-02; journal 2023 690888
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 29 MINUTE BOOKS AS. Revenue 41.9k NOK → 335.2k NOK (+700.0%). Net result -1 241 NOK → +45.7k NOK. Equity -62.9k NOK → -17.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for 29 MINUTE BOOKS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 41.9k NOK to 335.2k NOK (+700.0% YoY). Calculated
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Operating result improved
Operating result -114 NOK → +58.6k NOK (op. margin -0.3% → 17.5%). Calculated
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Turned profitable
Net result flipped from a loss of 1 241 NOK to a profit of 45.7k NOK. Calculated
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Equity strengthened
Book equity -62.9k NOK → -17.3k NOK (equity ratio -24.7% → -4.9%). Calculated
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Cash rose
Bank deposits 254.7k NOK → 329.2k NOK (+29.3% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 3 NOK → 234.0k NOK (0% → 70% of revenue). Calculated