AIR-TECH AS: årsregnskap 2022 vs 2021
Grew 27% on revenue, stronger earnings, cash halved-plus
approved 2023-05-15; registry 2023-07-27; journal 2023 615008
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AIR-TECH AS. Revenue 6.03m NOK → 7.67m NOK (+27.1%). Net result +278.7k NOK → +484.0k NOK. Equity 529.7k NOK → 13.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for AIR-TECH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.03m NOK to 7.67m NOK (+27.1% YoY). Calculated
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Operating result improved
Operating result +363.2k NOK → +668.0k NOK (op. margin 6.0% → 8.7%). Calculated
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Net result improved
Net result +278.7k NOK → +484.0k NOK (net margin 4.6% → 6.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 529.7k NOK → 13.7k NOK (equity ratio 20.4% → 0.2%). Calculated
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↓
Cash fell
Bank deposits 1.02m NOK → 492.0k NOK (-51.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 3.47m NOK → 3.82m NOK (58% → 50% of revenue). Calculated
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COGS fell
COGS / varekostnad 1.36m NOK → 17.9k NOK (-98.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 990 NOK → 5 038 NOK. Reported fact