59 EIENDOM AS: årsregnskap 2022 vs 2021
Shrank 37% on revenue, slipped into loss
approved 2023-06-19; registry 2023-06-21; journal 2023 505865
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 59 EIENDOM AS. Revenue 244.4k NOK → 153.2k NOK (-37.3%). Net result +9 183 NOK → -41.2k NOK. Equity 44.2k NOK → 2 972 NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 59 EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 6 672 NOK → 103.8k NOK (+1455.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 244.4k NOK to 153.2k NOK (-37.3% YoY). Calculated
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↓
Operating result weakened
Operating result +12.3k NOK → -38.8k NOK (op. margin 5.0% → -25.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 9 183 NOK profit to a loss of 41.2k NOK. Calculated
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↓
Equity eroded
Book equity 44.2k NOK → 2 972 NOK (equity ratio 63.5% → 1.8%). Calculated
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↓
Payroll up without matching revenue
Salary cost 4 NOK → 3.10m NOK (0% → 2024% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 10.4k NOK → 5 137 NOK (-50.6% YoY). Calculated