AIR BUILDING AS: årsregnskap 2022 vs 2021
Grew 37% on revenue, slipped into loss
approved 2023-04-11; registry 2023-04-13; journal 2023 351439
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AIR BUILDING AS. Revenue 2.40m NOK → 3.30m NOK (+37.5%). Net result +5.10m NOK → -168.7k NOK. Equity -50.1k NOK → -218.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR BUILDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.40m NOK to 3.30m NOK (+37.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +99.9k NOK → -168.7k NOK (op. margin 4.2% → -5.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 5.10m NOK profit to a loss of 168.7k NOK. Calculated
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↓
Equity eroded
Book equity -50.1k NOK → -218.7k NOK (equity ratio -7.4% → -34.9%). Calculated
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↓
Cash fell
Bank deposits 293.3k NOK → 205.6k NOK (-29.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -34.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.91m NOK → 2.32m NOK (80% → 70% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 134.7k NOK → 761.9k NOK (+465.7% YoY). Calculated