3S EIENDOMS INVEST AS: årsregnskap 2022 vs 2021
Grew 19% on revenue, weaker earnings, cash halved-plus
approved 2023-06-30; registry 2023-08-10; journal 2023 662883
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 3S EIENDOMS INVEST AS. Revenue 7.00m NOK → 8.32m NOK (+18.9%). Net result +2.53m NOK → +1.30m NOK. Equity 9.90m NOK → 11.20m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for 3S EIENDOMS INVEST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 7.00m NOK to 8.32m NOK (+18.9% YoY). Calculated
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Operating result improved
Operating result +4.88m NOK → +4.94m NOK (op. margin 69.7% → 59.4%). Calculated
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Equity strengthened
Book equity 9.90m NOK → 11.20m NOK (equity ratio 9.1% → 9.2%). Calculated
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Current ratio back above 1×
Current ratio 0.86× → 2.92×. Calculated
What deteriorated
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↓
Net result weakened
Net result +2.53m NOK → +1.30m NOK (net margin 36.1% → 15.6%). Calculated
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Cash fell
Bank deposits 1.40m NOK → 272.3k NOK (-80.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.40m NOK → 272.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 67.4k NOK → 2.95m NOK (1% → 35% of revenue). Calculated
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COGS moved
COGS / varekostnad 1.21m NOK → 1.88m NOK (+55.4% YoY). Calculated