AJ BYGG OG EIENDOM AS: årsregnskap 2023 vs 2022
Grew 53% on revenue, weaker earnings
approved 2024-02-20; registry 2024-02-22; journal 2024 309955
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AJ BYGG OG EIENDOM AS. Revenue 482.4k NOK → 737.6k NOK (+52.9%). Net result -63.6k NOK → -76.8k NOK. Equity -26.6k NOK → -103.4k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AJ BYGG OG EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 482.4k NOK to 737.6k NOK (+52.9% YoY). Calculated
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Payroll decreased
Salary cost 4.39m NOK → 3.70m NOK (910% → 502% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -63.6k NOK → -76.5k NOK (op. margin -13.2% → -10.4%). Calculated
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↓
Net result weakened
Net result -63.6k NOK → -76.8k NOK (net margin -13.2% → -10.4%). Calculated
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↓
Equity eroded
Book equity -26.6k NOK → -103.4k NOK (equity ratio -23.6% → -84.8%). Calculated
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↓
Cash fell
Bank deposits 77.3k NOK → 44.7k NOK (-42.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -84.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation