ADVANCED ENGINEERING SYSTEMS AS: årsregnskap 2023 vs 2022
Shrank 16% on revenue, weaker earnings
approved 2024-03-20; registry 2024-03-23; journal 2024 336444
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVANCED ENGINEERING SYSTEMS AS. Revenue 6.35m NOK → 5.32m NOK (-16.2%). Net result +496.2k NOK → +54.3k NOK. Equity 122.7k NOK → 1.18m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVANCED ENGINEERING SYSTEMS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 122.7k NOK → 1.18m NOK (equity ratio 4.7% → 51.4%). Calculated
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↑
Cash rose
Bank deposits 612.9k NOK → 750.2k NOK (+22.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.35m NOK to 5.32m NOK (-16.2% YoY). Calculated
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↓
Operating result weakened
Operating result +671.0k NOK → +154.8k NOK (op. margin 10.6% → 2.9%). Calculated
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↓
Net result weakened
Net result +496.2k NOK → +54.3k NOK (net margin 7.8% → 1.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 930.8k NOK → 968.0k NOK (15% → 18% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.17m NOK → 3.62m NOK (-13.1% YoY). Calculated