AIRCRAFT SOLUTIONS AS: årsregnskap 2022 vs 2021
Shrank 59% on revenue, cash halved-plus
approved 2023-06-30; registry 2023-07-05; journal 2023 574247
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AIRCRAFT SOLUTIONS AS. Revenue 1.09m NOK → 448.6k NOK (-58.9%). Net result -467.4k NOK → -447.3k NOK. Equity -153.8k NOK → -595.2k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AIRCRAFT SOLUTIONS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -467.1k NOK → -449.5k NOK (op. margin -42.8% → -100.2%). Calculated
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Payroll decreased
Salary cost 766.2k NOK → 548.0k NOK (70% → 122% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.09m NOK to 448.6k NOK (-58.9% YoY). Calculated
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↓
Equity eroded
Book equity -153.8k NOK → -595.2k NOK (equity ratio -7.8% → -44.6%). Calculated
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↓
Cash fell
Bank deposits 396.3k NOK → 11.9k NOK (-97.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.35× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -44.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 177.9k NOK → -12.0k NOK (-106.7% YoY). Calculated