AIRADVANTAGE AS: årsregnskap 2023 vs 2022
Shrank 43% on revenue, slipped into loss, cash halved-plus
approved 2024-07-16; registry 2024-07-17; journal 2024 648324
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AIRADVANTAGE AS. Revenue 348.3k NOK → 197.7k NOK (-43.3%). Net result +83.3k NOK → -65.7k NOK. Equity 40.7k NOK → -24.9k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AIRADVANTAGE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 348.3k NOK to 197.7k NOK (-43.3% YoY). Calculated
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Operating result weakened
Operating result +82.8k NOK → -65.9k NOK (op. margin 23.8% → -33.4%). Calculated
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Fell into a net loss
Net result flipped from 83.3k NOK profit to a loss of 65.7k NOK. Calculated
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Equity eroded
Book equity 40.7k NOK → -24.9k NOK (equity ratio 18.8% → -19.2%). Calculated
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Cash fell
Bank deposits 94.4k NOK → 38.5k NOK (-59.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -19.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 109.5k NOK → 74.1k NOK (-32.3% YoY). Calculated