Org.nr 927 658 232 2022 → 2023 Year-over-year analysis

ABSURD AVIATION AS: årsregnskap 2023 vs 2022

Grew 62% on revenue, weaker earnings, fresh owner capital

approved 2024-06-11; registry 2024-06-15; journal 2024 509298

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ABSURD AVIATION AS. Revenue 247.7k NOK → 402.5k NOK (+62.5%). Net result -205.7k NOK → -390.4k NOK. Equity 223.1k NOK → 1.30m NOK.

On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABSURD AVIATION AS.

Scorecard

Revenue
247.7k NOK 402.5k NOK
+62.5%
Operating result
-263.9k NOK -500.2k NOK
-89.6%
Net result
-205.7k NOK -390.4k NOK
-89.8%
Equity
223.1k NOK 1.30m NOK
+484.5%
Cash
20.6k NOK 15.9k NOK
-22.9%
Total assets
1.78m NOK 15.15m NOK
+751.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 247.7k NOK to 402.5k NOK (+62.5% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 223.1k NOK → 1.30m NOK (equity ratio 12.5% → 8.6%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 223.1k NOK → 694.3k NOK (+471.2k NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -263.9k NOK → -500.2k NOK (op. margin -106.5% → -124.3%). Calculated

  • ↓

    Net result weakened

    Net result -205.7k NOK → -390.4k NOK (net margin -83.1% → -97.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 20.6k NOK → 15.9k NOK (-22.9% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 8.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation