AIRLOG GROUP AS: årsregnskap 2023 vs 2022
Grew 24% on revenue
approved 2024-03-05; registry 2024-03-12; journal 2024 324266
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AIRLOG GROUP AS. Revenue 33.35m NOK → 41.47m NOK (+24.3%). Net result +279.4k NOK → +334.3k NOK. Equity 736.8k NOK → 71.1k 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; cogs moved; book investments changed. All figures are taken from the published annual accounts for AIRLOG GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 33.35m NOK to 41.47m NOK (+24.3% YoY). Calculated
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↑
Operating result improved
Operating result +121.4k NOK → +668.3k NOK (op. margin 0.4% → 1.6%). Calculated
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↑
Net result improved
Net result +279.4k NOK → +334.3k NOK (net margin 0.8% → 0.8%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 736.8k NOK → 71.1k NOK (equity ratio 7.6% → 0.4%). Calculated
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↓
Cash fell
Bank deposits 195.2k NOK → 142.6k NOK (-26.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 25.93m NOK → 31.12m NOK (+20.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 5 900 NOK. Reported fact