AITOS GASIFICATION TECHNOLOGY AS: årsregnskap 2023 vs 2022
Weaker earnings, cash halved-plus
approved 2024-04-25; registry 2024-05-04; journal 2024 390249
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AITOS GASIFICATION TECHNOLOGY AS. Revenue 450 NOK → 450 NOK (0.0%). Net result -344.4k NOK → -2.81m NOK. Equity 1.48m NOK → -1.33m NOK.
On the constructive side: payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; 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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↑
Payroll decreased
Salary cost 3.45m NOK → 2.77m NOK (766730% → 615304% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -592.2k NOK → -3.48m NOK (op. margin -131604.4% → -773872.4%). Calculated
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↓
Net result weakened
Net result -344.4k NOK → -2.81m NOK (net margin -76531.6% → -625550.7%). Calculated
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↓
Equity eroded
Book equity 1.48m NOK → -1.33m NOK (equity ratio 81.6% → -76.0%). Calculated
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↓
Cash fell
Bank deposits 534.0k NOK → 260.7k NOK (-51.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -76.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 201.5k NOK → 201 NOK (-99.9% YoY). Calculated