AD2R HOLDING AS: årsregnskap 2022 vs 2021
Grew 38% on revenue, stronger earnings
approved 2023-07-05; registry 2023-07-22; journal 2023 599828
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AD2R HOLDING AS. Revenue 10.80m NOK → 14.89m NOK (+37.9%). Net result +1.93m NOK → +8.92m NOK. Equity 2.21m NOK → 10.13m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AD2R HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 10.80m NOK to 14.89m NOK (+37.9% YoY). Calculated
-
↑
Operating result improved
Operating result +2.48m NOK → +4.87m NOK (op. margin 23.0% → 32.7%). Calculated
-
↑
Net result improved
Net result +1.93m NOK → +8.92m NOK (net margin 17.9% → 59.9%). Calculated
-
↑
Equity strengthened
Book equity 2.21m NOK → 10.13m NOK (equity ratio 26.1% → 70.5%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.88× → 2.52×. Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 2.30m NOK → 2.26m NOK (-1.9% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 3.69m NOK → 4.34m NOK (34% → 29% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 3.17m NOK → 4.02m NOK (+26.8% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 2.84m NOK → 3.59m NOK. Reported fact