ACO TRANSPORT AS: årsregnskap 2022 vs 2021
Grew 17% on revenue, weaker earnings
approved 2023-06-08; registry 2023-07-25; journal 2023 607553
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ACO TRANSPORT AS. Revenue 20.34m NOK → 23.72m NOK (+16.6%). Net result +1.61m NOK → +201.9k NOK. Equity 2.03m NOK → 1.73m NOK.
On the constructive side: revenue 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 ACO TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 20.34m NOK to 23.72m NOK (+16.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +2.32m NOK → +774.9k NOK (op. margin 11.4% → 3.3%). Calculated
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↓
Net result weakened
Net result +1.61m NOK → +201.9k NOK (net margin 7.9% → 0.9%). Calculated
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↓
Equity eroded
Book equity 2.03m NOK → 1.73m NOK (equity ratio 8.0% → 6.3%). Calculated
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↓
Cash fell
Bank deposits 122.4k NOK → 110.9k NOK (-9.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4.81m NOK → 6.60m NOK (24% → 28% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 4.88m NOK → 4.04m NOK (-17.3% YoY). Calculated