A-FORM AS: årsregnskap 2023 vs 2022
Grew 18% on revenue, stronger earnings
approved 2024-06-21; registry 2024-08-21; journal 2024 727141
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A-FORM AS. Revenue 7.53m NOK → 8.92m NOK (+18.5%). Net result +340.4k NOK → +499.1k NOK. Equity 641.2k NOK → 140.2k 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 A-FORM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 7.53m NOK to 8.92m NOK (+18.5% YoY). Calculated
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Operating result improved
Operating result +507.2k NOK → +746.1k NOK (op. margin 6.7% → 8.4%). Calculated
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Net result improved
Net result +340.4k NOK → +499.1k NOK (net margin 4.5% → 5.6%). Calculated
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Cash rose
Bank deposits 325.2k NOK → 441.1k NOK (+35.6% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 641.2k NOK → 140.2k NOK (equity ratio 18.8% → 3.3%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 3.25m NOK → 3.55m NOK (43% → 40% of revenue). Calculated
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COGS moved
COGS / varekostnad 2.13m NOK → 3.15m NOK (+48.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 378.8k NOK → 295.9k NOK. Reported fact