ACE GOLF AS: årsregnskap 2022 vs 2021
Weaker earnings, cash halved-plus
approved 2023-05-05; registry 2023-06-06; journal 2023 428834
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ACE GOLF AS. Revenue 10.81m NOK → 10.48m NOK (-3.1%). Net result +746.8k NOK → +303.7k NOK. Equity 1.13m NOK → 1.44m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; headcount (årsverk) changed. All figures are taken from the published annual accounts for ACE GOLF AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.13m NOK → 1.44m NOK (equity ratio 35.5% → 62.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.81m NOK to 10.48m NOK (-3.1% YoY). Calculated
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↓
Operating result weakened
Operating result +963.2k NOK → +400.2k NOK (op. margin 8.9% → 3.8%). Calculated
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↓
Net result weakened
Net result +746.8k NOK → +303.7k NOK (net margin 6.9% → 2.9%). Calculated
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↓
Cash fell
Bank deposits 2.04m NOK → 797.2k NOK (-60.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.31m NOK → 2.40m NOK (21% → 23% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.04m NOK → 797.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Headcount (årsverk) changed
Reported FTEs 4 → 3. Reported fact