AD HOC MANAGEMENT AS: årsregnskap 2023 vs 2022
Shrank 23% on revenue
approved 2024-07-31; registry 2024-08-03; journal 2024 706217
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AD HOC MANAGEMENT AS. Revenue 5.92m NOK → 4.57m NOK (-22.8%). Net result +2.25m NOK → +1.81m NOK. Equity 32.4k NOK → 16.8k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AD HOC MANAGEMENT AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 371.4k NOK → 542.1k NOK (+46.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.98× → 1.01×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.92m NOK to 4.57m NOK (-22.8% YoY). Calculated
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↓
Operating result weakened
Operating result +2.91m NOK → +1.87m NOK (op. margin 49.2% → 41.0%). Calculated
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↓
Net result weakened
Net result +2.25m NOK → +1.81m NOK (net margin 38.0% → 39.7%). Calculated
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↓
Equity eroded
Book equity 32.4k NOK → 16.8k NOK (equity ratio 0.8% → 0.3%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.58m NOK → 1.78m NOK (27% → 39% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation