A-TECH AS: årsregnskap 2023 vs 2022
Shrank 12% on revenue, stronger earnings, cash halved-plus
approved 2024-06-30; registry 2024-07-30; journal 2024 686087
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for A-TECH AS. Revenue 30.31m NOK → 26.80m NOK (-11.6%). Net result +294.8k NOK → +1.26m NOK. Equity 4.53m NOK → 92.8k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A-TECH AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +269.6k NOK → +1.12m NOK (op. margin 0.9% → 4.2%). Calculated
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Net result improved
Net result +294.8k NOK → +1.26m NOK (net margin 1.0% → 4.7%). Calculated
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Payroll decreased
Salary cost 18.85m NOK → 17.63m NOK (62% → 66% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 30.31m NOK to 26.80m NOK (-11.6% YoY). Calculated
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Equity eroded
Book equity 4.53m NOK → 92.8k NOK (equity ratio 37.4% → 0.8%). Calculated
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Cash fell
Bank deposits 7.49m NOK → 2.46m NOK (-67.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (7.49m NOK → 2.46m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 904.9k NOK → 742.9k NOK (-17.9% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 33 → 36. Reported fact