AIT WORLDWIDE LOGISTICS NORWAY AS: årsregnskap 2022 vs 2021
Shrank 80% on revenue, weaker earnings
approved 2023-06-26; registry 2023-08-23; journal 2023 711086
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AIT WORLDWIDE LOGISTICS NORWAY AS. Revenue 11.29bn NOK → 2.29bn NOK (-79.7%). Net result +421.5k NOK → +297.6k NOK. Equity 10.50m NOK → 10.80m NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for AIT WORLDWIDE LOGISTICS NORWAY AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +538.6k NOK → +6.21m NOK (op. margin 0.0% → 0.3%). Calculated
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Equity strengthened
Book equity 10.50m NOK → 10.80m NOK (equity ratio 14.1% → 11.5%). Calculated
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Cash rose
Bank deposits 10.64m NOK → 27.09m NOK (+154.6% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.95× → 1.07×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 11.29bn NOK to 2.29bn NOK (-79.7% YoY). Calculated
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Net result weakened
Net result +421.5k NOK → +297.6k NOK (net margin 0.0% → 0.0%). Calculated
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Payroll up without matching revenue
Salary cost 44.91m NOK → 48.23m NOK (0% → 2% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 5.20bn NOK → 1.20bn NOK (-77.0% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 65 → 62. Reported fact