ACE WELL TECHNOLOGY AS: årsregnskap 2022 vs 2021
Grew 118% on revenue, returned to profit, fresh owner capital
approved 2023-06-02; registry 2023-07-11; journal 2023 570353
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ACE WELL TECHNOLOGY AS. Revenue 20.42m NOK → 44.45m NOK (+117.7%). Net result -14.77m NOK → +283.6k NOK. Equity 14.24m NOK → 25.54m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ACE WELL TECHNOLOGY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 20.42m NOK to 44.45m NOK (+117.7% YoY). Calculated
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Operating result improved
Operating result -14.28m NOK → -15.2k NOK (op. margin -70.0% → -0.0%). Calculated
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Turned profitable
Net result flipped from a loss of 14.77m NOK to a profit of 283.6k NOK. Calculated
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Equity strengthened
Book equity 14.24m NOK → 25.54m NOK (equity ratio 40.9% → 42.7%). Calculated
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Cash rose
Bank deposits 2.79m NOK → 18.88m NOK (+576.1% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 9.93m NOK → 14.15m NOK (49% → 32% of revenue). Calculated
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COGS moved
COGS / varekostnad 9.52m NOK → 15.25m NOK (+60.2% YoY). Calculated