4SERVICE EIR RENHOLD AS: årsregnskap 2022 vs 2021
Grew 40% on revenue, stronger earnings, cash halved-plus
registry 2023-06-27; journal 2023 512177
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 4SERVICE EIR RENHOLD AS. Revenue 771.81m NOK → 1.08bn NOK (+39.6%). Net result +67.58m NOK → +91.92m NOK. Equity 35.15m NOK → 55.22m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for 4SERVICE EIR RENHOLD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 771.81m NOK to 1.08bn NOK (+39.6% YoY). Calculated
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Operating result improved
Operating result +87.66m NOK → +111.33m NOK (op. margin 11.4% → 10.3%). Calculated
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Net result improved
Net result +67.58m NOK → +91.92m NOK (net margin 8.8% → 8.5%). Calculated
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Equity strengthened
Book equity 35.15m NOK → 55.22m NOK. Calculated
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Owners injected capital
Paid-in equity rose 810 NOK → 3.91m NOK (+3.91m NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 1.67m NOK → 51.4k NOK (-96.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.67m NOK → 51.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 3.54bn NOK → 3.76bn NOK (458% → 349% of revenue). Calculated
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COGS moved
COGS / varekostnad 64.83m NOK → 93.66m NOK (+44.5% YoY). Calculated