AIRCONTACT GROUP AS: årsregnskap 2023 vs 2022
Grew 226% on revenue, stronger earnings, cash halved-plus
approved 2024-06-19; registry 2024-07-18; journal 2024 577947
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AIRCONTACT GROUP AS. Revenue 8.02m NOK → 26.15m NOK (+225.9%). Net result +70.16m NOK → +86.22m NOK. Equity 13.34bn NOK → 13.40m 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 moved. All figures are taken from the published annual accounts for AIRCONTACT GROUP AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 8.02m NOK to 26.15m NOK (+225.9% YoY). Calculated
-
↑
Operating result improved
Operating result -21.90m NOK → -5.55m NOK (op. margin -272.9% → -21.2%). Calculated
-
↑
Net result improved
Net result +70.16m NOK → +86.22m NOK (net margin 874.3% → 329.7%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.01× → 1.99×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 13.34bn NOK → 13.40m NOK (equity ratio 2555.0% → 2.7%). Calculated
-
↓
Cash fell
Bank deposits 138.37m NOK → 56.01m NOK (-59.5% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 2.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 4.28m NOK → 4.32m NOK (53% → 17% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 28.54m NOK → 35.29m NOK (+23.7% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 1.51m NOK → 284.97m NOK. Reported fact