AERO ENGINEERING AS: årsregnskap 2022 vs 2021
Grew 17% on revenue, weaker earnings
approved 2023-03-31; registry 2023-04-11; journal 2023 349451
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AERO ENGINEERING AS. Revenue 2.22m NOK → 2.59m NOK (+16.9%). Net result +1.40m NOK → +697.7k NOK. Equity 3.95m NOK → 4.65m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AERO ENGINEERING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.22m NOK to 2.59m NOK (+16.9% YoY). Calculated
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↑
Operating result improved
Operating result +1.15m NOK → +1.42m NOK (op. margin 51.7% → 54.8%). Calculated
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↑
Equity strengthened
Book equity 3.95m NOK → 4.65m NOK (equity ratio 84.5% → 76.6%). Calculated
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↑
Cash rose
Bank deposits 506.9k NOK → 878.6k NOK (+73.3% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +1.40m NOK → +697.7k NOK (net margin 63.2% → 26.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 887.9k NOK → 908.3k NOK (40% → 35% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 724 NOK → 18.9k NOK (+995.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 30.0k NOK → 4 NOK. Reported fact