3S EIENDOMS INVEST AS: årsregnskap 2023 vs 2022
Grew 19% on revenue, weaker earnings, cash halved-plus
approved 2024-04-27; registry 2024-07-13; journal 2024 622738
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 3S EIENDOMS INVEST AS. Revenue 8.32m NOK → 9.87m NOK (+18.6%). Net result +1.30m NOK → +351.3k NOK. Equity 11.20m NOK → 11.55m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 3S EIENDOMS INVEST AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 8.32m NOK to 9.87m NOK (+18.6% YoY). Calculated
-
↑
Operating result improved
Operating result +4.94m NOK → +6.75m NOK (op. margin 59.4% → 68.4%). Calculated
-
↑
Equity strengthened
Book equity 11.20m NOK → 11.55m NOK (equity ratio 9.2% → 8.6%). Calculated
-
↑
Payroll decreased
Salary cost 2.95m NOK → 359.4k NOK (35% → 4% of revenue). Calculated
What deteriorated
-
↓
Net result weakened
Net result +1.30m NOK → +351.3k NOK (net margin 15.6% → 3.6%). Calculated
-
↓
Cash fell
Bank deposits 272.3k NOK → 90.5k NOK (-66.8% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 8.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 1.88m NOK → 2.03m NOK (+7.7% YoY). Calculated