AEROSPORT ENGINEERING AS: årsregnskap 2023 vs 2022
Shrank 73% on revenue, slipped into loss, cash halved-plus
registry 2024-05-23; journal 2024 430315
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AEROSPORT ENGINEERING AS. Revenue 175.3k NOK → 46.8k NOK (-73.3%). Net result +92.6k NOK → -88.9k NOK. Equity -103.2k NOK → -192.2k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AEROSPORT ENGINEERING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 175.3k NOK to 46.8k NOK (-73.3% YoY). Calculated
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Operating result weakened
Operating result +93.6k NOK → -79.0k NOK (op. margin 53.4% → -168.7%). Calculated
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Fell into a net loss
Net result flipped from 92.6k NOK profit to a loss of 88.9k NOK. Calculated
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Equity eroded
Book equity -103.2k NOK → -192.2k NOK (equity ratio -2.2% → -3.9%). Calculated
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Cash fell
Bank deposits 52.3k NOK → 2 760 NOK (-94.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation