AIIT AS: årsregnskap 2023 vs 2022
Grew 1125% on revenue, weaker earnings
approved 2024-04-07; registry 2024-04-09; journal 2024 350739
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AIIT AS. Revenue 90.2k NOK → 1.11m NOK (+1125.5%). Net result +284.9k NOK → +227.4k NOK. Equity 930.5k NOK → 157.9k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AIIT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 90.2k NOK to 1.11m NOK (+1125.5% YoY). Calculated
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↑
Cash rose
Bank deposits 429.5k NOK → 524.7k NOK (+22.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.98× → 3.05×. Calculated
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Payroll decreased
Salary cost 4.32m NOK → 2.62m NOK (4792% → 237% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +356.5k NOK → +285.3k NOK (op. margin 395.1% → 25.8%). Calculated
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↓
Net result weakened
Net result +284.9k NOK → +227.4k NOK (net margin 315.7% → 20.6%). Calculated
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↓
Equity eroded
Book equity 930.5k NOK → 157.9k NOK (equity ratio 133.9% → 9.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 75.0k NOK. Reported fact