AD CONSTRUCTIONS AS: årsregnskap 2022 vs 2021
Shrank 64% on revenue, slipped into loss, cash halved-plus
approved 2023-04-12; registry 2023-04-15; journal 2023 353716
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AD CONSTRUCTIONS AS. Revenue 608.0k NOK → 218.4k NOK (-64.1%). Net result +28.4k NOK → -136.2k NOK. Equity 52.8k NOK → -83.4k 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 AD CONSTRUCTIONS AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.45m NOK → 4 NOK (568% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 608.0k NOK to 218.4k NOK (-64.1% YoY). Calculated
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↓
Operating result weakened
Operating result +36.4k NOK → -135.2k NOK (op. margin 6.0% → -61.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 28.4k NOK profit to a loss of 136.2k NOK. Calculated
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↓
Equity eroded
Book equity 52.8k NOK → -83.4k NOK (equity ratio 32.3% → -59.6%). Calculated
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↓
Cash fell
Bank deposits 157.1k NOK → 15.0k NOK (-90.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -59.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 37.4k NOK → 28.1k NOK (-24.9% YoY). Calculated