29 MINUTE BOOKS AS: årsregnskap 2023 vs 2022
Shrank 56% on revenue, slipped into loss
approved 2024-05-03; registry 2024-05-06; journal 2024 396159
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 29 MINUTE BOOKS AS. Revenue 335.2k NOK → 146.1k NOK (-56.4%). Net result +45.7k NOK → -30.3k NOK. Equity -17.3k NOK → -47.6k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 29 MINUTE BOOKS AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 335.2k NOK to 146.1k NOK (-56.4% YoY). Calculated
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Operating result weakened
Operating result +58.6k NOK → -30.2k NOK (op. margin 17.5% → -20.6%). Calculated
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Fell into a net loss
Net result flipped from 45.7k NOK profit to a loss of 30.3k NOK. Calculated
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Equity eroded
Book equity -17.3k NOK → -47.6k NOK (equity ratio -4.9% → -14.5%). Calculated
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Cash fell
Bank deposits 329.2k NOK → 316.1k NOK (-4.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -14.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation