3 NORSKE DESIGN GROUP AS: årsregnskap 2022 vs 2021
Stronger earnings, cash halved-plus
registry 2023-08-02; journal 2023 691594
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 3 NORSKE DESIGN GROUP AS. Net result -22.7k NOK → -3 056 NOK. Equity -127.6k NOK → -130.6k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3 NORSKE DESIGN GROUP AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -22.7k NOK → -3 139 NOK. Calculated
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↑
Net result improved
Net result -22.7k NOK → -3 056 NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity -127.6k NOK → -130.6k NOK (equity ratio -3191.5% → -16206.1%). Calculated
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↓
Cash fell
Bank deposits 1 938 NOK → 806 NOK (-58.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -16206.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation