AH CLASSIC CARS AS: årsregnskap 2022 vs 2021
Shrank 61% on revenue, stronger earnings, cash halved-plus
registry 2023-07-29; journal 2023 623046
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AH CLASSIC CARS AS. Revenue 539.2k NOK → 211.3k NOK (-60.8%). Net result -6.05m NOK → -1.44m NOK. Equity 13.10m NOK → 11.66m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AH CLASSIC CARS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -6.22m NOK → -1.38m NOK (op. margin -1152.9% → -652.4%). Calculated
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Net result improved
Net result -6.05m NOK → -1.44m NOK (net margin -1122.3% → -680.1%). Calculated
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Payroll decreased
Salary cost 887.2k NOK → 1 127 NOK (165% → 1% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 539.2k NOK to 211.3k NOK (-60.8% YoY). Calculated
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↓
Equity eroded
Book equity 13.10m NOK → 11.66m NOK (equity ratio 89.7% → 81.2%). Calculated
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Cash fell
Bank deposits 1.11m NOK → 446.8k NOK (-59.9% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 13.10m NOK → 11.66m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 4.53m NOK → 1.34m NOK (-70.4% YoY). Calculated