2MINITZ AS: årsregnskap 2023 vs 2022
Shrank 79% on revenue, stronger earnings, cash halved-plus
approved 2024-05-02; registry 2024-05-08; journal 2024 401683
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 2MINITZ AS. Revenue 127.6k NOK → 26.8k NOK (-79.0%). Net result -89.0k NOK → -17.7k NOK. Equity -550.3k NOK → -568.0k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 2MINITZ AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -89.0k NOK → -16.4k NOK (op. margin -69.7% → -61.4%). Calculated
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Net result improved
Net result -89.0k NOK → -17.7k NOK (net margin -69.7% → -66.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 127.6k NOK to 26.8k NOK (-79.0% YoY). Calculated
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↓
Equity eroded
Book equity -550.3k NOK → -568.0k NOK (equity ratio -2184.3% → -29276.8%). Calculated
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↓
Cash fell
Bank deposits 22.9k NOK → 1 456 NOK (-93.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -29276.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 45.9k NOK → 3 735 NOK (-91.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 1 200 NOK → 0 NOK. Reported fact