ACES! VINTAGE AS: årsregnskap 2022 vs 2021
Grew 39% on revenue, weaker earnings
approved 2023-06-30; registry 2023-07-29; journal 2023 666294
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ACES! VINTAGE AS. Revenue 469.5k NOK → 651.3k NOK (+38.7%). Net result -36.8k NOK → -66.2k NOK. Equity -6 799 NOK → -73.0k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ACES! VINTAGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 469.5k NOK to 651.3k NOK (+38.7% YoY). Calculated
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Cash rose
Bank deposits 17.3k NOK → 35.1k NOK (+103.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -35.8k NOK → -54.1k NOK (op. margin -7.6% → -8.3%). Calculated
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↓
Net result weakened
Net result -36.8k NOK → -66.2k NOK (net margin -7.8% → -10.2%). Calculated
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↓
Equity eroded
Book equity -6 799 NOK → -73.0k NOK (equity ratio -16.1% → -63.7%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -63.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1 159 NOK → 212.6k NOK (0% → 33% of revenue). Calculated
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COGS fell
COGS / varekostnad 125.2k NOK → 100.5k NOK (-19.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 30.0k NOK → 60.0k NOK. Reported fact