ACOUSTIC TUNING AS: årsregnskap 2022 vs 2021
Shrank 10% on revenue, weaker earnings, cash halved-plus
registry 2024-04-15; journal 2024 357818
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ACOUSTIC TUNING AS. Revenue 7.68m NOK → 6.90m NOK (-10.2%). Net result +545.9k NOK → +283.1k NOK. Equity 675.9k NOK → -1.04m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ACOUSTIC TUNING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 7.68m NOK to 6.90m NOK (-10.2% YoY). Calculated
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Operating result weakened
Operating result +737.0k NOK → +300.0k NOK (op. margin 9.6% → 4.4%). Calculated
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Net result weakened
Net result +545.9k NOK → +283.1k NOK (net margin 7.1% → 4.1%). Calculated
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↓
Equity eroded
Book equity 675.9k NOK → -1.04m NOK (equity ratio 28.2% → -51.4%). Calculated
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Cash fell
Bank deposits 446.2k NOK → 33.9k NOK (-92.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -51.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 675.9k NOK → 130.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 5.51m NOK → 4.63m NOK (-16.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 369.2k NOK → 229.7k NOK. Reported fact