ACE ASSET MANAGEMENT AS: årsregnskap 2023 vs 2022
Shrank 100% on revenue, stronger earnings
approved 2024-06-30; registry 2024-07-18; journal 2024 649128
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ACE ASSET MANAGEMENT AS. Revenue 170.8k NOK → 424 NOK (-99.8%). Net result -1.17m NOK → -169.6k NOK. Equity 1.55m NOK → 1.38m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for ACE ASSET MANAGEMENT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -1.53m NOK → +211.6k NOK (op. margin -894.2% → 49900.7%). Calculated
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Net result improved
Net result -1.17m NOK → -169.6k NOK (net margin -684.4% → -40006.4%). Calculated
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Cash rose
Bank deposits 179.5k NOK → 317.2k NOK (+76.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 170.8k NOK to 424 NOK (-99.8% YoY). Calculated
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↓
Equity eroded
Book equity 1.55m NOK → 1.38m NOK (equity ratio 97.8% → 98.4%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.34m NOK → 2.12m NOK (785% → 499967% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 343.8k NOK → 343 NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 2 → 0. Reported fact