ACE FUNDS AS: årsregnskap 2022 vs 2021
Grew 100% on revenue, stronger earnings, cash halved-plus
approved 2023-10-06; registry 2023-10-09; journal 2023 733606
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ACE FUNDS AS. Revenue -74.9k NOK → 0 NOK (+100.0%). Net result -199.2k NOK → -66.4k NOK. Equity 10.8k NOK → -55.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACE FUNDS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from -74.9k NOK to 0 NOK (+100.0% YoY). Calculated
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Operating result improved
Operating result -197.7k NOK → -62.7k NOK. Calculated
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↑
Net result improved
Net result -199.2k NOK → -66.4k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 10.8k NOK → -55.6k NOK (equity ratio 46.4% → -846.3%). Calculated
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↓
Cash fell
Bank deposits 23.3k NOK → 6 565 NOK (-71.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.86× → 0.11× — 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 -846.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation