AC VESTFOLD AS: årsregnskap 2023 vs 2022
Shrank 96% on revenue, stronger earnings, cash halved-plus
approved 2024-06-29; registry 2024-07-02; journal 2024 582047
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AC VESTFOLD AS. Revenue 693.8k NOK → 25.2k NOK (-96.4%). Net result -233.8k NOK → -82.8k NOK. Equity -244.4k NOK → -327.2k 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. All figures are taken from the published annual accounts for AC VESTFOLD AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -212.6k NOK → -82.0k NOK (op. margin -30.6% → -325.4%). Calculated
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Net result improved
Net result -233.8k NOK → -82.8k NOK (net margin -33.7% → -328.4%). Calculated
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Payroll decreased
Salary cost 129.1k NOK → 4 446 NOK (19% → 18% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 693.8k NOK to 25.2k NOK (-96.4% YoY). Calculated
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↓
Equity eroded
Book equity -244.4k NOK → -327.2k NOK (equity ratio -135.8% → -554.2%). Calculated
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Cash fell
Bank deposits 123.0k NOK → 4 674 NOK (-96.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -554.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation