AD MALERARBEID AS: årsregnskap 2023 vs 2022
Grew 50% on revenue
approved 2024-03-06; registry 2024-03-11; journal 2024 323616
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AD MALERARBEID AS. Revenue 3.77m NOK → 5.64m NOK (+49.8%). Net result +705.9k NOK → +681.1k NOK. Equity 976.5k NOK → 429.9k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AD MALERARBEID AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.77m NOK to 5.64m NOK (+49.8% YoY). Calculated
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↑
Cash rose
Bank deposits 732.4k NOK → 3.55m NOK (+384.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 8.01×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +895.3k NOK → +177.5k NOK (op. margin 23.8% → 3.1%). Calculated
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↓
Equity eroded
Book equity 976.5k NOK → 429.9k NOK (equity ratio 38.8% → 9.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 72.7k NOK → 52.3k NOK (-28.1% YoY). Calculated