Org.nr 992 313 641 2022 → 2023 Year-over-year analysis

AHK PROSJEKTERING AS: årsregnskap 2023 vs 2022

Shrank 31% on revenue, stronger earnings, cash halved-plus

approved 2024-04-24; registry 2024-04-30; journal 2024 385665

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for AHK PROSJEKTERING AS. Revenue 1.31m NOK → 899.5k NOK (-31.4%). Net result -134.9k NOK → -79.6k NOK. Equity 76.6k NOK → -2 985 NOK.

On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AHK PROSJEKTERING AS.

Scorecard

Revenue
1.31m NOK 899.5k NOK
-31.4%
Operating result
-135.3k NOK -80.2k NOK
+40.7%
Net result
-134.9k NOK -79.6k NOK
+41.0%
Equity
76.6k NOK -2 985 NOK
-103.9%
Cash
163.3k NOK 33.8k NOK
-79.3%
Total assets
356.5k NOK 235.8k NOK
-33.9%

What improved

  • ↑

    Operating result improved

    Operating result -135.3k NOK → -80.2k NOK (op. margin -10.3% → -8.9%). Calculated

  • ↑

    Net result improved

    Net result -134.9k NOK → -79.6k NOK (net margin -10.3% → -8.9%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.31m NOK to 899.5k NOK (-31.4% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 76.6k NOK → -2 985 NOK (equity ratio 21.5% → -1.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 163.3k NOK → 33.8k NOK (-79.3% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.13× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1 170 NOK → 745.4k NOK (0% → 83% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation