Org.nr 979 558 821 2021 → 2022 Year-over-year analysis

AIRPROSJEKT AS: årsregnskap 2022 vs 2021

Grew 37% on revenue

approved 2023-07-17; registry 2023-08-01; journal 2023 630001

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for AIRPROSJEKT AS. Revenue 1.66m NOK → 2.26m NOK (+36.5%). Net result -591.9k NOK → -569.5k NOK. Equity 245.7k NOK → -323.9k NOK.

On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for AIRPROSJEKT AS.

Scorecard

Revenue
1.66m NOK 2.26m NOK
+36.5%
Operating result
-305.9k NOK +201.7k NOK
+165.9%
Net result
-591.9k NOK -569.5k NOK
+3.8%
Equity
245.7k NOK -323.9k NOK
-231.8%
Cash
1.41m NOK 934.8k NOK
-33.6%
Total assets
17.40m NOK 16.80m NOK
-3.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.66m NOK to 2.26m NOK (+36.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -305.9k NOK → +201.7k NOK (op. margin -18.5% → 8.9%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 245.7k NOK → -323.9k NOK (equity ratio 1.4% → -1.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.41m NOK → 934.8k NOK (-33.6% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 2 276 NOK → 81.1k NOK (0% → 4% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 30.0k NOK → 380.0k NOK. Reported fact