Org.nr 917 155 119 2021 → 2022 Year-over-year analysis

ACE ASSET MANAGEMENT AS: årsregnskap 2022 vs 2021

Weaker earnings, cash halved-plus, fresh owner capital

approved 2023-05-26; registry 2023-05-30; journal 2023 439637

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ACE ASSET MANAGEMENT AS. Revenue 0 NOK → 170.8k NOK. Net result -669.6k NOK → -1.17m NOK. Equity 714.2k NOK → 1.55m 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: sharp cash drawdown; payroll increased; headcount (årsverk) changed. All figures are taken from the published annual accounts for ACE ASSET MANAGEMENT AS.

Scorecard

Revenue
0 NOK 170.8k NOK
—
Operating result
-910.7k NOK -1.53m NOK
-67.7%
Net result
-669.6k NOK -1.17m NOK
-74.6%
Equity
714.2k NOK 1.55m NOK
+116.3%
Cash
1.79m NOK 179.5k NOK
-90.0%
Total assets
597 NOK 1.58m NOK
+264431.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 0 NOK to 170.8k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 714.2k NOK → 1.55m NOK (equity ratio 119634.8% → 97.8%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 551 NOK → 3.55m NOK (+3.55m NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -910.7k NOK → -1.53m NOK. Calculated

  • ↓

    Net result weakened

    Net result -669.6k NOK → -1.17m NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 1.79m NOK → 179.5k NOK (-90.0% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.79m NOK → 179.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Payroll increased

    Salary cost 1 779 NOK → 1.34m NOK. Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 0 → 2. Reported fact