AD NOTAM FORLAG AS: årsregnskap 2022 vs 2021
Shrank 67% on revenue, stronger earnings, cash halved-plus
approved 2023-06-29; registry 2023-07-18; journal 2023 588986
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AD NOTAM FORLAG AS. Revenue 416.5k NOK → 138.9k NOK (-66.7%). Net result -572.3k NOK → -99.4k NOK. Equity -919.2k NOK → -1.02m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AD NOTAM FORLAG AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -560.4k NOK → -66.9k NOK (op. margin -134.5% → -48.2%). Calculated
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Net result improved
Net result -572.3k NOK → -99.4k NOK (net margin -137.4% → -71.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 416.5k NOK to 138.9k NOK (-66.7% YoY). Calculated
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↓
Equity eroded
Book equity -919.2k NOK → -1.02m NOK (equity ratio -237.5% → -1545.6%). Calculated
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↓
Cash fell
Bank deposits 195.5k NOK → 38.0k NOK (-80.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -1545.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 833.0k NOK → 138.5k NOK (-83.4% YoY). Calculated