AD MEN AS: årsregnskap 2022 vs 2021
Shrank 7% on revenue, slipped into loss
approved 2023-03-07; registry 2023-05-04; journal 2023 385760
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AD MEN AS. Revenue 668.8k NOK → 622.3k NOK (-7.0%). Net result +8 565 NOK → -5 913 NOK. Equity 13.7k NOK → 7 802 NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AD MEN AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 78.3k NOK → 88.6k NOK (+13.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.44m NOK → 2.37m NOK (364% → 381% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 668.8k NOK to 622.3k NOK (-7.0% YoY). Calculated
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↓
Operating result weakened
Operating result +8 669 NOK → -5 751 NOK (op. margin 1.3% → -0.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 8 565 NOK profit to a loss of 5 913 NOK. Calculated
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↓
Equity eroded
Book equity 13.7k NOK → 7 802 NOK (equity ratio 13.1% → 4.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation