2ND HOME AS: årsregnskap 2023 vs 2022
Grew 41% on revenue, cash halved-plus
approved 2024-08-20; registry 2024-10-12; journal 2024 752261
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 2ND HOME AS. Revenue 644.7k NOK → 906.4k NOK (+40.6%). Net result -5 570 NOK → -437 NOK. Equity 24.4k NOK → -720.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; headcount (årsverk) changed. All figures are taken from the published annual accounts for 2ND HOME AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 644.7k NOK to 906.4k NOK (+40.6% YoY). Calculated
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↑
Operating result improved
Operating result -5 570 NOK → -22 NOK (op. margin -0.9% → -0.0%). Calculated
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↑
Net result improved
Net result -5 570 NOK → -437 NOK (net margin -0.9% → -0.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 24.4k NOK → -720.1k NOK (equity ratio 100.0% → -188.5%). Calculated
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↓
Cash fell
Bank deposits 24.4k NOK → -430 NOK (-101.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -188.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 14.6k NOK → 3.72m NOK (2% → 410% of revenue). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 0 → 1. Reported fact