Org.nr 920 616 534 2021 → 2022 Year-over-year analysis

AIRPRODUKTER AS: årsregnskap 2022 vs 2021

Grew 5% on revenue, stronger earnings

approved 2023-10-27; registry 2023-10-30; journal 2023 736045

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for AIRPRODUKTER AS. Revenue 3.10m NOK → 3.27m NOK (+5.5%). Net result -1.62m NOK → -961.9k NOK. Equity -2.53m NOK → -3.50m 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 fell. All figures are taken from the published annual accounts for AIRPRODUKTER AS.

Scorecard

Revenue
3.10m NOK 3.27m NOK
+5.5%
Operating result
-1.46m NOK -917.9k NOK
+37.3%
Net result
-1.62m NOK -961.9k NOK
+40.7%
Equity
-2.53m NOK -3.50m NOK
-37.9%
Cash
232.3k NOK 155.8k NOK
-32.9%
Total assets
2.13m NOK 1.43m NOK
-32.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.10m NOK to 3.27m NOK (+5.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -1.46m NOK → -917.9k NOK (op. margin -47.1% → -28.0%). Calculated

  • ↑

    Net result improved

    Net result -1.62m NOK → -961.9k NOK (net margin -52.3% → -29.4%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -2.53m NOK → -3.50m NOK (equity ratio -119.1% → -244.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 232.3k NOK → 155.8k NOK (-32.9% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -244.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 2.41m NOK → 2.31m NOK (-4.2% YoY). Calculated