A+G DESIGN AS: årsregnskap 2022 vs 2021
Grew 600% on revenue, stronger earnings
registry 2023-05-22; journal 2023 409977
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for A+G DESIGN AS. Revenue 5 720 NOK → 40.0k NOK (+599.7%). Net result -86.2k NOK → -2 641 NOK. Equity -258.6k NOK → -261.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A+G DESIGN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5 720 NOK to 40.0k NOK (+599.7% YoY). Calculated
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↑
Operating result improved
Operating result -86.2k NOK → -2 534 NOK (op. margin -1506.6% → -6.3%). Calculated
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Net result improved
Net result -86.2k NOK → -2 641 NOK (net margin -1506.6% → -6.6%). Calculated
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↑
Cash rose
Bank deposits 15.3k NOK → 22.9k NOK (+49.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -258.6k NOK → -261.3k NOK (equity ratio -687.6% → -745.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -745.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 42.3k NOK → 8 448 NOK (-80.0% YoY). Calculated