3S BYGG AS: årsregnskap 2022 vs 2021
Shrank 16% on revenue, slipped into loss, cash halved-plus
registry 2023-06-03; journal 2023 455336
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 3S BYGG AS. Revenue 3.70m NOK → 3.11m NOK (-15.9%). Net result +285.8k NOK → -456.7k NOK. Equity 431.3k NOK → -25.4k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3S BYGG AS.
At a glance
Scorecard
What improved
-
↑
Current ratio back above 1×
Current ratio 0.23× → 4.44×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.70m NOK to 3.11m NOK (-15.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +366.5k NOK → -445.7k NOK (op. margin 9.9% → -14.3%). Calculated
-
↓
Fell into a net loss
Net result flipped from 285.8k NOK profit to a loss of 456.7k NOK. Calculated
-
↓
Equity eroded
Book equity 431.3k NOK → -25.4k NOK (equity ratio 256.2% → -1.1%). Calculated
-
↓
Cash fell
Bank deposits 615.3k NOK → 222.7k NOK (-63.8% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 403.2k NOK → 314.9k NOK (-21.9% YoY). Calculated