AJ MOTOR AS: årsregnskap 2022 vs 2021
Shrank 28% on revenue
approved 2023-05-29; registry 2023-06-12; journal 2023 478759
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AJ MOTOR AS. Revenue 893.1k NOK → 645.9k NOK (-27.7%). Net result -74.8k NOK → -73.5k NOK. Equity -123.9k NOK → -197.4k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AJ MOTOR AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -61.7k NOK → -51.0k NOK (op. margin -6.9% → -7.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 893.1k NOK to 645.9k NOK (-27.7% YoY). Calculated
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↓
Equity eroded
Book equity -123.9k NOK → -197.4k NOK (equity ratio -49.0% → -55.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 90.3k NOK → 1.15m NOK (10% → 178% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -55.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 515.1k NOK → 216.1k NOK (-58.0% YoY). Calculated