AIR MANAGEMENT AS: årsregnskap 2022 vs 2021
Grew 21% on revenue, stronger earnings
approved 2023-05-24; registry 2023-07-01; journal 2023 522720
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AIR MANAGEMENT AS. Revenue 12.90m NOK → 15.61m NOK (+21.0%). Net result +13.71m NOK → +21.24m NOK. Equity 44.96m NOK → 16.20m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for AIR MANAGEMENT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 12.90m NOK to 15.61m NOK (+21.0% YoY). Calculated
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Operating result improved
Operating result +6.36m NOK → +8.33m NOK (op. margin 49.3% → 53.3%). Calculated
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Net result improved
Net result +13.71m NOK → +21.24m NOK (net margin 106.3% → 136.1%). Calculated
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Payroll decreased
Salary cost 26.44m NOK → 6.51m NOK (205% → 42% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 44.96m NOK → 16.20m NOK (equity ratio 84.6% → 18.0%). Calculated
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Cash fell
Bank deposits 742.5k NOK → 470.0k NOK (-36.7% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 3.41× → 0.50× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 33.87m NOK → 16.20m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS moved
COGS / varekostnad 895.98m NOK → 1.29bn NOK (+44.1% YoY). Calculated