AK SKOG AS: årsregnskap 2023 vs 2022
Shrank 22% on revenue, slipped into loss
approved 2024-05-23; registry 2024-07-30; journal 2024 687929
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AK SKOG AS. Revenue 3.05m NOK → 2.38m NOK (-21.9%). Net result +54.8k NOK → -93.9k NOK. Equity 183.6k NOK → 89.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AK SKOG AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.85m NOK → 1.72m NOK (61% → 72% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.05m NOK to 2.38m NOK (-21.9% YoY). Calculated
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↓
Operating result weakened
Operating result +98.2k NOK → -71.0k NOK (op. margin 3.2% → -3.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 54.8k NOK profit to a loss of 93.9k NOK. Calculated
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↓
Equity eroded
Book equity 183.6k NOK → 89.7k NOK (equity ratio 20.5% → 5.1%). Calculated
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↓
Cash fell
Bank deposits 61.8k NOK → 59.4k NOK (-3.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 137.9k NOK → -48.1k NOK (-134.9% YoY). Calculated