AC SERVICE AS: årsregnskap 2023 vs 2022
Grew 185% on revenue, weaker earnings, cash halved-plus
registry 2024-05-25; journal 2024 433380
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AC SERVICE AS. Revenue 304.5k NOK → 868.5k NOK (+185.2%). Net result -33.9k NOK → -308.6k NOK. Equity -3 945 NOK → -312.5k 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 AC SERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 304.5k NOK to 868.5k NOK (+185.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -31.9k NOK → -307.4k NOK (op. margin -10.5% → -35.4%). Calculated
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↓
Net result weakened
Net result -33.9k NOK → -308.6k NOK (net margin -11.1% → -35.5%). Calculated
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↓
Equity eroded
Book equity -3 945 NOK → -312.5k NOK (equity ratio -0.4% → -41.7%). Calculated
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↓
Cash fell
Bank deposits 302.3k NOK → 71.1k NOK (-76.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -41.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 0 NOK → 3.20m NOK (0% → 368% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 192.8k NOK → 610.5k NOK (+216.7% YoY). Calculated