AIR ENERGI NORWAY AS: årsregnskap 2022 vs 2021
Shrank 96% on revenue, returned to profit, cash halved-plus
approved 2023-10-05; registry 2023-10-16; journal 2023 734286
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AIR ENERGI NORWAY AS. Revenue 26.24m NOK → 1.02m NOK (-96.1%). Net result -359.7k NOK → +362.4k NOK. Equity -1.82m NOK → -1.46m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIR ENERGI NORWAY AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -410.2k NOK → +386.4k NOK (op. margin -1.6% → 37.8%). Calculated
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Turned profitable
Net result flipped from a loss of 359.7k NOK to a profit of 362.4k NOK. Calculated
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Equity strengthened
Book equity -1.82m NOK → -1.46m NOK (equity ratio -9.1% → -5.1%). Calculated
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Payroll decreased
Salary cost 2.29m NOK → -531.5k NOK (9% → -52% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 26.24m NOK to 1.02m NOK (-96.1% YoY). Calculated
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Cash fell
Bank deposits 326.3k NOK → 69.7k NOK (-78.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 10.24× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 23.76m NOK → 687.8k NOK (-97.1% YoY). Calculated