A.C.E FASHIONSTORE AS: årsregnskap 2022 vs 2021
Grew 42% on revenue, weaker earnings, cash halved-plus
approved 2023-05-25; registry 2023-05-30; journal 2023 435822
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for A.C.E FASHIONSTORE AS. Revenue 3.39m NOK → 4.82m NOK (+41.9%). Net result +387.7k NOK → +224.0k NOK. Equity 159.1k NOK → 138.1k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for A.C.E FASHIONSTORE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.39m NOK to 4.82m NOK (+41.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.35× → 1.72×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +432.9k NOK → +328.1k NOK (op. margin 12.8% → 6.8%). Calculated
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↓
Net result weakened
Net result +387.7k NOK → +224.0k NOK (net margin 11.4% → 4.7%). Calculated
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↓
Equity eroded
Book equity 159.1k NOK → 138.1k NOK (equity ratio 11.0% → 11.0%). Calculated
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↓
Cash fell
Bank deposits 377.5k NOK → 62.5k NOK (-83.4% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 275.0k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 728.2k NOK → 2.89m NOK (21% → 60% of revenue). Calculated
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COGS moved
COGS / varekostnad 1.78m NOK → 2.90m NOK (+62.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1 000 NOK → 0 NOK. Reported fact