A G KJØSTVEDT AS: årsregnskap 2022 vs 2021
Grew 21% on revenue, returned to profit
registry 2023-05-13; journal 2023 400215
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for A G KJØSTVEDT AS. Revenue 4.23m NOK → 5.13m NOK (+21.1%). Net result -302.7k NOK → +368.5k NOK. Equity 839.7k NOK → 208.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for A G KJØSTVEDT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.23m NOK to 5.13m NOK (+21.1% YoY). Calculated
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Operating result improved
Operating result -295.2k NOK → +405.4k NOK (op. margin -7.0% → 7.9%). Calculated
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Turned profitable
Net result flipped from a loss of 302.7k NOK to a profit of 368.5k NOK. Calculated
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Cash rose
Bank deposits 222.7k NOK → 1.74m NOK (+681.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 839.7k NOK → 208.2k NOK (equity ratio 23.5% → 4.7%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.63m NOK → 1.79m NOK (38% → 35% of revenue). Calculated
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COGS fell
COGS / varekostnad 1.21m NOK → 1.09m NOK (-10.3% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 6 → 4. Reported fact