FirmaIQ
Org.nr 962 367 593 2022 → 2023 Year-over-year analysis

AB ELEKTRISK AS: årsregnskap 2023 vs 2022

Grew 95% on revenue, stronger earnings

approved 2024-07-01; registry 2024-07-08; journal 2024 593941

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for AB ELEKTRISK AS. Revenue 6.69m NOK → 13.01m NOK (+94.6%). Net result +3 661 NOK → +1.22m NOK. Equity 995.8k NOK → 218.5k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AB ELEKTRISK AS.

At a glance

Scorecard

Revenue
6.69m NOK 13.01m NOK
+94.6%
Operating result
+22.1k NOK +1.57m NOK
+6987.8%
Net result
+3 661 NOK +1.22m NOK
+33298.5%
Equity
995.8k NOK 218.5k NOK
-78.1%
Cash
62.5k NOK 2.71m NOK
+4227.5%
Total assets
4.40m NOK 6.33m NOK
+44.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 6.69m NOK to 13.01m NOK (+94.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +22.1k NOK → +1.57m NOK (op. margin 0.3% → 12.1%). Calculated

  • ↑

    Net result improved

    Net result +3 661 NOK → +1.22m NOK (net margin 0.1% → 9.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 62.5k NOK → 2.71m NOK (+4227.5% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 995.8k NOK → 218.5k NOK (equity ratio 22.6% → 3.4%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 3.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 3.30m NOK → 5.16m NOK (49% → 40% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 2.24m NOK → 4.56m NOK (+103.9% YoY). Calculated