3RD FLOOR AS: årsregnskap 2022 vs 2021
Shrank 75% on revenue, cash halved-plus
approved 2023-06-29; registry 2023-07-25; journal 2023 608633
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 3RD FLOOR AS. Revenue 5.79m NOK → 1.46m NOK (-74.8%). Net result +558.3k NOK → +467.1k NOK. Equity -1.43m NOK → -964.7k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3RD FLOOR AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity -1.43m NOK → -964.7k NOK (equity ratio -156.3% → -711.4%). Calculated
-
↑
Payroll decreased
Salary cost 1.52m NOK → 1.49m NOK (26% → 102% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 5.79m NOK to 1.46m NOK (-74.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +558.6k NOK → +467.1k NOK (op. margin 9.6% → 32.0%). Calculated
-
↓
Net result weakened
Net result +558.3k NOK → +467.1k NOK (net margin 9.6% → 32.0%). Calculated
-
↓
Cash fell
Bank deposits 89.2k NOK → 13.6k NOK (-84.8% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -711.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 1.46m NOK → 315.6k NOK (-78.4% YoY). Calculated