ACO AS: årsregnskap 2022 vs 2021
Grew 9% on revenue, weaker earnings, fresh owner capital
approved 2023-06-30; registry 2023-07-19; journal 2023 628240
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ACO AS. Revenue 2.79m NOK → 3.03m NOK (+8.6%). Net result -1.26m NOK → -2.15m NOK. Equity 1.78m NOK → 1.10m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ACO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.79m NOK to 3.03m NOK (+8.6% YoY). Calculated
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Operating result improved
Operating result -2.64m NOK → -2.18m NOK (op. margin -94.7% → -72.1%). Calculated
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Cash rose
Bank deposits 1.10m NOK → 5.24m NOK (+378.6% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.78× → 2.00×. Calculated
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Owners injected capital
Paid-in equity rose 2.37m NOK → 3.84m NOK (+1.47m NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result -1.26m NOK → -2.15m NOK (net margin -45.2% → -71.1%). Calculated
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↓
Equity eroded
Book equity 1.78m NOK → 1.10m NOK (equity ratio 14.9% → 6.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 0 NOK → 362.6k NOK (None YoY). Calculated