ACE OPTIONS NORGE AS: årsregnskap 2022 vs 2021
Grew 10% on revenue, stronger earnings
approved 2023-06-28; registry 2023-07-03; journal 2023 545712
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ACE OPTIONS NORGE AS. Revenue 3.37m NOK → 3.70m NOK (+9.7%). Net result +166.2k NOK → +225.8k NOK. Equity 20.5k NOK → -82.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ACE OPTIONS NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.37m NOK to 3.70m NOK (+9.7% YoY). Calculated
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Operating result improved
Operating result +173.5k NOK → +382.9k NOK (op. margin 5.1% → 10.3%). Calculated
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Net result improved
Net result +166.2k NOK → +225.8k NOK (net margin 4.9% → 6.1%). Calculated
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Cash rose
Bank deposits 495.2k NOK → 666.9k NOK (+34.7% YoY). Calculated
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Payroll decreased
Salary cost 1.00m NOK → 157.5k NOK (30% → 4% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 20.5k NOK → -82.8k NOK (equity ratio 2.1% → -11.7%). Calculated
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Current ratio dropped below 1×
Current ratio 1.02× → 0.90× — 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 -11.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 1.12m NOK → 1.88m NOK (+67.7% YoY). Calculated