2THRIVE AS: årsregnskap 2023 vs 2022
Shrank 26% on revenue, slipped into loss, cash halved-plus
approved 2024-05-27; registry 2024-06-03; journal 2024 472425
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 2THRIVE AS. Revenue 626.9k NOK → 461.3k NOK (-26.4%). Net result +30.8k NOK → -53.0k NOK. Equity 1 378 NOK → -51.6k NOK.
On the constructive side: payroll decreased. 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 2THRIVE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.19m NOK → 193.7k NOK (349% → 42% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 626.9k NOK to 461.3k NOK (-26.4% YoY). Calculated
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↓
Operating result weakened
Operating result +32.2k NOK → -52.8k NOK (op. margin 5.1% → -11.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 30.8k NOK profit to a loss of 53.0k NOK. Calculated
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↓
Equity eroded
Book equity 1 378 NOK → -51.6k NOK (equity ratio 1.5% → -841.7%). Calculated
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↓
Cash fell
Bank deposits 32.4k NOK → 3 178 NOK (-90.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -841.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation