ACW AS: årsregnskap 2023 vs 2022
Shrank 23% on revenue, weaker earnings
approved 2024-06-29; registry 2024-07-02; journal 2024 582464
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ACW AS. Revenue 744.8k NOK → 570.7k NOK (-23.4%). Net result +333.2k NOK → +87.4k NOK. Equity 436.9k NOK → 382.9k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACW AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 3.54m NOK → 3.92m NOK (+10.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 744.8k NOK to 570.7k NOK (-23.4% YoY). Calculated
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↓
Operating result weakened
Operating result +430.0k NOK → +392.9k NOK (op. margin 57.7% → 68.9%). Calculated
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↓
Net result weakened
Net result +333.2k NOK → +87.4k NOK (net margin 44.7% → 15.3%). Calculated
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↓
Equity eroded
Book equity 436.9k NOK → 382.9k NOK (equity ratio 12.1% → 9.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation