AE MOTOR & BILSERVICE AS: årsregnskap 2022 vs 2021
Weaker earnings
approved 2023-02-14; registry 2023-02-27; journal 2023 311869
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AE MOTOR & BILSERVICE AS. Revenue 7.87m NOK → 7.65m NOK (-2.7%). Net result +712.5k NOK → +505.6k NOK. Equity 742.5k NOK → 248.0k NOK.
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 AE MOTOR & BILSERVICE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 7.87m NOK to 7.65m NOK (-2.7% YoY). Calculated
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Operating result weakened
Operating result +907.4k NOK → +672.6k NOK (op. margin 11.5% → 8.8%). Calculated
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Net result weakened
Net result +712.5k NOK → +505.6k NOK (net margin 9.1% → 6.6%). Calculated
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↓
Equity eroded
Book equity 742.5k NOK → 248.0k NOK (equity ratio 18.1% → 9.8%). Calculated
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Cash fell
Bank deposits 3.44m NOK → 1.94m NOK (-43.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation