58N EIENDOM AS: årsregnskap 2022 vs 2021
Grew 58% on revenue, weaker earnings, cash halved-plus
registry 2023-07-10; journal 2023 563779
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 58N EIENDOM AS. Revenue 1.51m NOK → 2.38m NOK (+57.5%). Net result +4.73m NOK → +2.26m NOK. Equity 27.37m NOK → 22.12m NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for 58N EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.51m NOK to 2.38m NOK (+57.5% YoY). Calculated
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Payroll decreased
Salary cost 3.18m NOK → 283.2k NOK (210% → 12% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +726.4k NOK → +18.6k NOK (op. margin 48.0% → 0.8%). Calculated
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↓
Net result weakened
Net result +4.73m NOK → +2.26m NOK (net margin 312.7% → 94.9%). Calculated
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↓
Equity eroded
Book equity 27.37m NOK → 22.12m NOK (equity ratio 76.1% → 55.3%). Calculated
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↓
Cash fell
Bank deposits 5.96m NOK → 828.9k NOK (-86.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.96m NOK → 828.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 18.84m NOK → 7.46m NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 0.2 → 0. Reported fact