AIR-TECH AS: årsregnskap 2023 vs 2022
Grew 39% on revenue, stronger earnings
approved 2024-05-15; registry 2024-06-27; journal 2024 537556
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AIR-TECH AS. Revenue 7.67m NOK → 10.66m NOK (+39.0%). Net result +484.0k NOK → +592.6k NOK. Equity 13.7k NOK → 1.76m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. 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 7.67m NOK to 10.66m NOK (+39.0% YoY). Calculated
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Net result improved
Net result +484.0k NOK → +592.6k NOK (net margin 6.3% → 5.6%). Calculated
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Equity strengthened
Book equity 13.7k NOK → 1.76m NOK (equity ratio 0.2% → 20.3%). Calculated
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Cash rose
Bank deposits 492.0k NOK → 608.6k NOK (+23.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +668.0k NOK → -9 045 NOK (op. margin 8.7% → -0.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.57× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 3.82m NOK → 6.78m NOK (50% → 64% of revenue). Calculated
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COGS moved
COGS / varekostnad 17.9k NOK → 2.21m NOK (+12201.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 5 038 NOK → 4.63m NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 5 → 8.3. Reported fact