ADA SOGNDAL A AS: årsregnskap 2022 vs 2021
Shrank 7% on revenue, stronger earnings
approved 2023-04-13; registry 2023-05-13; journal 2023 399050
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADA SOGNDAL A AS. Revenue 702.1k NOK → 653.6k NOK (-6.9%). Net result +235.1k NOK → +492.4k NOK. Equity 6.56m NOK → 1.05m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADA SOGNDAL A AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +434.8k NOK → +436.1k NOK (op. margin 61.9% → 66.7%). Calculated
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Net result improved
Net result +235.1k NOK → +492.4k NOK (net margin 33.5% → 75.3%). Calculated
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Cash rose
Bank deposits 82.3k NOK → 713.0k NOK (+766.2% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 702.1k NOK to 653.6k NOK (-6.9% YoY). Calculated
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Equity eroded
Book equity 6.56m NOK → 1.05m NOK (equity ratio 22.4% → 3.5%). Calculated
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Current ratio dropped below 1×
Current ratio 391.09× → 0.40× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation