AITOS GASIFICATION TECHNOLOGY AS: årsregnskap 2022 vs 2021
Grew 12% on revenue, weaker earnings, cash halved-plus
approved 2023-05-23; registry 2024-01-22; journal 2024 301523
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AITOS GASIFICATION TECHNOLOGY AS. Revenue 400 NOK → 450 NOK (+12.5%). Net result -182.6k NOK → -344.4k NOK. Equity 1.83m NOK → 1.48m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for AITOS GASIFICATION TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 400 NOK to 450 NOK (+12.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -251.4k NOK → -592.2k NOK (op. margin -62852.2% → -131604.4%). Calculated
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↓
Net result weakened
Net result -182.6k NOK → -344.4k NOK (net margin -45660.5% → -76531.6%). Calculated
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↓
Equity eroded
Book equity 1.83m NOK → 1.48m NOK (equity ratio 66.9% → 81.6%). Calculated
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↓
Cash fell
Bank deposits 1.49m NOK → 534.0k NOK (-64.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.49m NOK → 534.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 16.6k NOK → 3.45m NOK (4162% → 766730% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 2.27m NOK → 201.5k NOK (-91.1% YoY). Calculated