Org.nr 971 505 788 2021 → 2022 Year-over-year analysis

AKE AS: årsregnskap 2022 vs 2021

Shrank 69% on revenue, weaker earnings, cash halved-plus

approved 2023-07-03; registry 2023-07-13; journal 2023 576155

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for AKE AS. Revenue 952.1k NOK → 292.0k NOK (-69.3%). Net result +211.3k NOK → +62.6k NOK. Equity 491.0k NOK → 353.7k NOK.

On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AKE AS.

Scorecard

Revenue
952.1k NOK 292.0k NOK
-69.3%
Operating result
+255.9k NOK +81.1k NOK
-68.3%
Net result
+211.3k NOK +62.6k NOK
-70.4%
Equity
491.0k NOK 353.7k NOK
-28.0%
Cash
278.6k NOK 91.3k NOK
-67.2%
Total assets
266.4k NOK 385.4k NOK
+44.7%

What improved

  • ↑

    Current ratio back above 1×

    Current ratio 0.34× → 12.14×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 952.1k NOK to 292.0k NOK (-69.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +255.9k NOK → +81.1k NOK (op. margin 26.9% → 27.8%). Calculated

  • ↓

    Net result weakened

    Net result +211.3k NOK → +62.6k NOK (net margin 22.2% → 21.4%). Calculated

  • ↓

    Equity eroded

    Book equity 491.0k NOK → 353.7k NOK (equity ratio 184.3% → 91.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 278.6k NOK → 91.3k NOK (-67.2% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 660.0k NOK → 179.1k NOK (-72.9% YoY). Calculated