102 ASIA MAT AS: årsregnskap 2023 vs 2022
Grew 24% on revenue, stronger earnings
approved 2024-06-30; registry 2024-07-27; journal 2024 677638
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 102 ASIA MAT AS. Revenue 5.35m NOK → 6.63m NOK (+24.1%). Net result -767.5k NOK → -559.4k NOK. Equity -705.4k NOK → -1.26m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 102 ASIA MAT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.35m NOK to 6.63m NOK (+24.1% YoY). Calculated
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Operating result improved
Operating result -769.9k NOK → -560.0k NOK (op. margin -14.4% → -8.4%). Calculated
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Net result improved
Net result -767.5k NOK → -559.4k NOK (net margin -14.4% → -8.4%). Calculated
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Cash rose
Bank deposits 294.0k NOK → 388.3k NOK (+32.1% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -705.4k NOK → -1.26m NOK (equity ratio -65.6% → -129.6%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -129.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1 716 NOK → 728.7k NOK (0% → 11% of revenue). Calculated
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COGS moved
COGS / varekostnad 4.59m NOK → 5.75m NOK (+25.3% YoY). Calculated