3S HOLDING AS: årsregnskap 2022 vs 2021
Shrank 31% on revenue, weaker earnings
approved 2023-06-30; registry 2023-08-17; journal 2023 682402
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 3S HOLDING AS. Revenue 2.92m NOK → 2.02m NOK (-30.8%). Net result +617.7k NOK → +91.2k NOK. Equity 13.72m NOK → 13.81m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 3S HOLDING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 13.72m NOK → 13.81m NOK (equity ratio 59.5% → 54.0%). Calculated
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↑
Cash rose
Bank deposits 78.2k NOK → 84.5k NOK (+8.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.92m NOK to 2.02m NOK (-30.8% YoY). Calculated
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↓
Operating result weakened
Operating result +659.2k NOK → -519.4k NOK (op. margin 22.6% → -25.7%). Calculated
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↓
Net result weakened
Net result +617.7k NOK → +91.2k NOK (net margin 21.2% → 4.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.95m NOK → 2.18m NOK (67% → 108% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 68.61m NOK → 57.71m NOK (-15.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 13.63m NOK → 13.72m NOK. Reported fact