Org.nr 923 096 647 2021 → 2022 Year-over-year analysis

AERO SERVICE TECHNOLOGY NORWAY AS: årsregnskap 2022 vs 2021

Grew 41% on revenue, stronger earnings

approved 2023-08-22; registry 2023-08-31; journal 2023 721249

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for AERO SERVICE TECHNOLOGY NORWAY AS. Revenue 4.24m NOK → 6.00m NOK (+41.2%). Net result +142.8k NOK → +248.5k NOK. Equity 4.13m NOK → 4.49m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased; cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for AERO SERVICE TECHNOLOGY NORWAY AS.

Scorecard

Revenue
4.24m NOK 6.00m NOK
+41.2%
Operating result
+225.8k NOK +532.3k NOK
+135.7%
Net result
+142.8k NOK +248.5k NOK
+74.0%
Equity
4.13m NOK 4.49m NOK
+8.7%
Cash
2.15m NOK 2.54m NOK
+18.1%
Total assets
5.06m NOK 6.22m NOK
+22.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.24m NOK to 6.00m NOK (+41.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +225.8k NOK → +532.3k NOK (op. margin 5.3% → 8.9%). Calculated

  • ↑

    Net result improved

    Net result +142.8k NOK → +248.5k NOK (net margin 3.4% → 4.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 4.13m NOK → 4.49m NOK (equity ratio 81.6% → 72.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.15m NOK → 2.54m NOK (+18.1% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 425.8k NOK → 1.00m NOK (10% → 17% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 2.49m NOK → 3.39m NOK (+36.1% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 7 → 9. Reported fact