99X INVESTMENT AS: årsregnskap 2022 vs 2021
Grew 212399% on revenue, weaker earnings, cash halved-plus
approved 2023-07-10; registry 2023-08-17; journal 2023 686028
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 99X INVESTMENT AS. Revenue 90.6k NOK → 192.46m NOK (+212398.7%). Net result -544.1k NOK → -1.64m NOK. Equity 4.29bn NOK → 290.70m NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for 99X INVESTMENT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 90.6k NOK to 192.46m NOK (+212398.7% YoY). Calculated
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Owners injected capital
Paid-in equity rose 292.55m NOK → 296.24m NOK (+3.69m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -616.4k NOK → -1.64m NOK (op. margin -680.6% → -0.8%). Calculated
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↓
Net result weakened
Net result -544.1k NOK → -1.64m NOK (net margin -600.8% → -0.8%). Calculated
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↓
Equity eroded
Book equity 4.29bn NOK → 290.70m NOK (equity ratio 1466.6% → 99.6%). Calculated
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↓
Cash fell
Bank deposits 1.03m NOK → 339.9k NOK (-66.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.03m NOK → 339.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 5 328 NOK → 18.46m NOK (+346284.1% YoY). Calculated