AIRDESIGN AS: årsregnskap 2023 vs 2022
Grew 797% on revenue, stronger earnings, cash halved-plus
approved 2024-04-12; registry 2024-06-25; journal 2024 542808
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AIRDESIGN AS. Revenue 145.9k NOK → 1.31m NOK (+797.4%). Net result +247.2k NOK → +364.9k NOK. Equity 732.3k NOK → 97.1k 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. All figures are taken from the published annual accounts for AIRDESIGN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 145.9k NOK to 1.31m NOK (+797.4% YoY). Calculated
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Operating result improved
Operating result +317.3k NOK → +468.0k NOK (op. margin 217.5% → 35.7%). Calculated
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Net result improved
Net result +247.2k NOK → +364.9k NOK (net margin 169.5% → 27.9%). Calculated
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Current ratio back above 1×
Current ratio 0.53× → 2.50×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 732.3k NOK → 97.1k NOK (equity ratio 194.8% → 5.4%). Calculated
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↓
Cash fell
Bank deposits 618.8k NOK → 112.1k NOK (-81.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 6 696 NOK → 684.6k NOK (5% → 52% of revenue). Calculated