2INSTINCTS AS: årsregnskap 2022 vs 2021
Grew 15% on revenue, weaker earnings, cash halved-plus
approved 2023-07-25; registry 2023-07-27; journal 2023 658674
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 2INSTINCTS AS. Revenue 1.88m NOK → 2.15m NOK (+14.7%). Net result -49.5k NOK → -223.2k NOK. Equity 716.1k NOK → 492.9k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 2INSTINCTS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.88m NOK to 2.15m NOK (+14.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -41.4k NOK → -214.4k NOK (op. margin -2.2% → -10.0%). Calculated
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↓
Net result weakened
Net result -49.5k NOK → -223.2k NOK (net margin -2.6% → -10.4%). Calculated
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↓
Equity eroded
Book equity 716.1k NOK → 492.9k NOK (equity ratio 32.0% → 18.5%). Calculated
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↓
Cash fell
Bank deposits 317.0k NOK → 110.8k NOK (-65.0% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 224.6k NOK → 279.3k NOK (12% → 13% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.36m NOK → 1.94m NOK (+42.6% YoY). Calculated