A & S COMPOSITT AS: årsregnskap 2023 vs 2022
Shrank 15% on revenue, slipped into loss
registry 2024-07-24; journal 2024 669870
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A & S COMPOSITT AS. Revenue 1.36m NOK → 1.16m NOK (-14.8%). Net result +52.8k NOK → -117.6k NOK. Equity 138.4k NOK → 20.8k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A & S COMPOSITT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.36m NOK to 1.16m NOK (-14.8% YoY). Calculated
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Operating result weakened
Operating result +68.4k NOK → -117.7k NOK (op. margin 5.0% → -10.1%). Calculated
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Fell into a net loss
Net result flipped from 52.8k NOK profit to a loss of 117.6k NOK. Calculated
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Equity eroded
Book equity 138.4k NOK → 20.8k NOK (equity ratio 34.9% → 8.7%). Calculated
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Cash fell
Bank deposits 214.1k NOK → 150.7k NOK (-29.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 337.9k NOK → 284.1k NOK (-15.9% YoY). Calculated