ACE ELEKTRO AS: årsregnskap 2022 vs 2021
Grew 84% on revenue
approved 2023-07-01; registry 2023-08-02; journal 2023 683426
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ACE ELEKTRO AS. Revenue 378.9k NOK → 695.5k NOK (+83.6%). Net result -89.5k NOK → -78.4k NOK. Equity -45.4k NOK → -123.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACE ELEKTRO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 378.9k NOK to 695.5k NOK (+83.6% YoY). Calculated
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Operating result improved
Operating result -84.6k NOK → -73.9k NOK (op. margin -22.3% → -10.6%). Calculated
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Net result improved
Net result -89.5k NOK → -78.4k NOK (net margin -23.6% → -11.3%). Calculated
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Payroll decreased
Salary cost 3.39m NOK → 708.4k NOK (896% → 102% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity -45.4k NOK → -123.8k NOK (equity ratio -79.6% → -255.8%). Calculated
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Cash fell
Bank deposits 56.0k NOK → 43.6k NOK (-22.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -255.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation