AD SALES AS: årsregnskap 2022 vs 2021
Grew 33% on revenue, weaker earnings
approved 2023-05-02; registry 2023-05-16; journal 2023 387011
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AD SALES AS. Revenue 21.21m NOK → 28.21m NOK (+33.0%). Net result +764.6k NOK → +85.3k NOK. Equity -1.17m NOK → -1.08m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for AD SALES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 21.21m NOK to 28.21m NOK (+33.0% YoY). Calculated
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↑
Operating result improved
Operating result +20.6k NOK → +228.0k NOK (op. margin 0.1% → 0.8%). Calculated
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↑
Equity strengthened
Book equity -1.17m NOK → -1.08m NOK (equity ratio -19.1% → -19.4%). Calculated
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↑
Cash rose
Bank deposits 2.45m NOK → 2.79m NOK (+14.0% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +764.6k NOK → +85.3k NOK (net margin 3.6% → 0.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -19.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 15.82m NOK → 20.01m NOK (+26.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 74.6k NOK → 0 NOK. Reported fact