79 DEGREES SOUTH AS: årsregnskap 2023 vs 2022
Shrank 8% on revenue, stronger earnings
approved 2024-05-15; registry 2024-08-03; journal 2024 709530
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 79 DEGREES SOUTH AS. Revenue 302.8k NOK → 277.7k NOK (-8.3%). Net result -57.3k NOK → -27.7k NOK. Equity 247.3k NOK → 219.7k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 79 DEGREES SOUTH AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -57.3k NOK → -27.7k NOK (net margin -18.9% → -10.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 302.8k NOK to 277.7k NOK (-8.3% YoY). Calculated
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↓
Operating result weakened
Operating result -16.0k NOK → -29.8k NOK (op. margin -5.3% → -10.7%). Calculated
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↓
Equity eroded
Book equity 247.3k NOK → 219.7k NOK (equity ratio 50.5% → 51.4%). Calculated
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↓
Cash fell
Bank deposits 151.7k NOK → 129.8k NOK (-14.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 4 760 NOK → 16.1k NOK (2% → 6% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 25.0k NOK → 0 NOK (-100.0% YoY). Calculated