74 ENTERTAINMENT AS: årsregnskap 2022 vs 2021
Grew 273% on revenue, returned to profit
approved 2023-10-13; registry 2023-10-26; journal 2023 735639
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 74 ENTERTAINMENT AS. Revenue 4.69m NOK → 17.49m NOK (+272.8%). Net result -922.7k NOK → +396.7k NOK. Equity -352.7k NOK → 44.1k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for 74 ENTERTAINMENT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.69m NOK to 17.49m NOK (+272.8% YoY). Calculated
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Operating result improved
Operating result -897.8k NOK → +267.5k NOK (op. margin -19.1% → 1.5%). Calculated
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Turned profitable
Net result flipped from a loss of 922.7k NOK to a profit of 396.7k NOK. Calculated
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Equity strengthened
Book equity -352.7k NOK → 44.1k NOK (equity ratio -3.0% → 0.2%). Calculated
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Payroll decreased
Salary cost 2.05m NOK → 1.99m NOK (44% → 11% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 100.9k NOK → 66.8k NOK (-33.7% YoY). Calculated
Things to notice
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COGS moved
COGS / varekostnad 2.55m NOK → 5.83m NOK (+128.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 266.1k NOK → 120.0k NOK. Reported fact