AC VESTFOLD AS: årsregnskap 2022 vs 2021
Grew 38% on revenue, weaker earnings
approved 2023-04-24; registry 2023-05-08; journal 2023 370027
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AC VESTFOLD AS. Revenue 503.2k NOK → 693.8k NOK (+37.9%). Net result -35.0k NOK → -233.8k NOK. Equity -10.6k NOK → -244.4k NOK.
On the constructive side: revenue rose; cash 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 VESTFOLD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 503.2k NOK to 693.8k NOK (+37.9% YoY). Calculated
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↑
Cash rose
Bank deposits 1 153 NOK → 123.0k NOK (+10564.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -35.0k NOK → -212.6k NOK (op. margin -7.0% → -30.6%). Calculated
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↓
Net result weakened
Net result -35.0k NOK → -233.8k NOK (net margin -7.0% → -33.7%). Calculated
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↓
Equity eroded
Book equity -10.6k NOK → -244.4k NOK (equity ratio -0.8% → -135.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1107.79× → 0.64× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -135.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 265 NOK → 129.1k NOK (0% → 19% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 54.1k NOK → 90.2k NOK (+66.8% YoY). Calculated