A.G TAVLESERVICE AS: årsregnskap 2022 vs 2021
Grew 147% on revenue, weaker earnings, cash halved-plus
registry 2023-08-28; journal 2023 718551
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for A.G TAVLESERVICE AS. Revenue 10.07m NOK → 24.86m NOK (+146.9%). Net result -852.1k NOK → -1.66m NOK. Equity 284.5k NOK → -1.37m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A.G TAVLESERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.07m NOK to 24.86m NOK (+146.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -1.15m NOK → -2.03m NOK (op. margin -11.5% → -8.2%). Calculated
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↓
Net result weakened
Net result -852.1k NOK → -1.66m NOK (net margin -8.5% → -6.7%). Calculated
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↓
Equity eroded
Book equity 284.5k NOK → -1.37m NOK (equity ratio 5.7% → -17.4%). Calculated
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↓
Cash fell
Bank deposits 625.2k NOK → 205.4k NOK (-67.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -17.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.43m NOK → 4.94m NOK (14% → 20% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 7.29m NOK → 23.36m NOK (+220.7% YoY). Calculated