ADA SOGNDAL F AS: årsregnskap 2022 vs 2021
Shrank 35% on revenue, stronger earnings
approved 2023-04-13; registry 2023-06-06; journal 2023 425701
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADA SOGNDAL F AS. Revenue 809.0k NOK → 528.3k NOK (-34.7%). Net result +154.6k NOK → +191.3k NOK. Equity 6.36m NOK → 554.5k NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADA SOGNDAL F AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +154.6k NOK → +191.3k NOK (net margin 19.1% → 36.2%). Calculated
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Cash rose
Bank deposits 96.1k NOK → 1.28m NOK (+1229.0% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 809.0k NOK to 528.3k NOK (-34.7% YoY). Calculated
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Operating result weakened
Operating result +522.3k NOK → +96.5k NOK (op. margin 64.6% → 18.3%). Calculated
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Equity eroded
Book equity 6.36m NOK → 554.5k NOK (equity ratio 20.5% → 1.7%). Calculated
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Current ratio dropped below 1×
Current ratio 219.34× → 0.19× — 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 1.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation