AI PROPERTY AS: årsregnskap 2023 vs 2022
Grew 82% on revenue, stronger earnings
approved 2024-03-18; registry 2024-04-02; journal 2024 343188
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AI PROPERTY AS. Revenue 250.2k NOK → 454.6k NOK (+81.7%). Net result -334.4k NOK → -195.1k NOK. Equity 293.0k NOK → 97.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AI PROPERTY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 250.2k NOK to 454.6k NOK (+81.7% YoY). Calculated
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Operating result improved
Operating result -172.7k NOK → +91.0k NOK (op. margin -69.0% → 20.0%). Calculated
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Net result improved
Net result -334.4k NOK → -195.1k NOK (net margin -133.6% → -42.9%). Calculated
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Cash rose
Bank deposits 33.3k NOK → 214.1k NOK (+543.3% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.64× → 13.22×. Calculated
What deteriorated
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Equity eroded
Book equity 293.0k NOK → 97.9k NOK (equity ratio 6.8% → 2.2%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 750.0k NOK → 870 NOK. Reported fact