AD HOC MANAGEMENT AS: årsregnskap 2022 vs 2021
Weaker earnings, cash halved-plus
approved 2023-07-31; registry 2023-08-14; journal 2023 707967
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AD HOC MANAGEMENT AS. Revenue 5.78m NOK → 5.92m NOK (+2.5%). Net result +2.91m NOK → +2.25m NOK. Equity 55.8k NOK → 32.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for AD HOC MANAGEMENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.78m NOK to 5.92m NOK (+2.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +3.74m NOK → +2.91m NOK (op. margin 64.8% → 49.2%). Calculated
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↓
Net result weakened
Net result +2.91m NOK → +2.25m NOK (net margin 50.4% → 38.0%). Calculated
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↓
Equity eroded
Book equity 55.8k NOK → 32.4k NOK (equity ratio 1.3% → 0.8%). Calculated
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↓
Cash fell
Bank deposits 1.15m NOK → 371.4k NOK (-67.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.15m NOK → 371.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 1 128 NOK → 1.58m NOK (0% → 27% of revenue). Calculated
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Book investments changed
Investment / intangible book value 490.0k NOK → 100.0k NOK. Reported fact