AIR CARGO LOGISTICS AS: årsregnskap 2022 vs 2021
Grew 43% on revenue, stronger earnings
approved 2023-05-24; registry 2023-06-29; journal 2023 522703
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AIR CARGO LOGISTICS AS. Revenue 950.76m NOK → 1.36bn NOK (+42.7%). Net result +10.92m NOK → +14.48m NOK. Equity 11.34m NOK → 11.78m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for AIR CARGO LOGISTICS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 950.76m NOK to 1.36bn NOK (+42.7% YoY). Calculated
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Operating result improved
Operating result +15.23m NOK → +18.73m NOK (op. margin 1.6% → 1.4%). Calculated
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Net result improved
Net result +10.92m NOK → +14.48m NOK (net margin 1.1% → 1.1%). Calculated
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Equity strengthened
Book equity 11.34m NOK → 11.78m NOK (equity ratio 7.8% → 5.8%). Calculated
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Cash rose
Bank deposits 24.10m NOK → 25.12m NOK (+4.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 20.48m NOK → 23.55m NOK (2% → 2% of revenue). Calculated
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COGS fell
COGS / varekostnad 8.91bn NOK → 1.30bn NOK (-85.4% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 31 → 28. Reported fact