ADACC INVEST AS: årsregnskap 2022 vs 2021
Weaker earnings, cash halved-plus
approved 2023-06-28; registry 2023-08-02; journal 2023 683149
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADACC INVEST AS. Revenue 0 NOK → 6 525 NOK. Net result -479.3k NOK → -2.72m NOK. Equity 2.87m NOK → 153.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADACC INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 6 525 NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -8 400 NOK → -3.00m NOK. Calculated
-
↓
Net result weakened
Net result -479.3k NOK → -2.72m NOK. Calculated
-
↓
Equity eroded
Book equity 2.87m NOK → 153.0k NOK (equity ratio 29.3% → 2.6%). Calculated
-
↓
Cash fell
Bank deposits 63.3k NOK → 11 NOK (-100.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 5.59× → -740.02× — 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 2.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 9.54m NOK → 8.97m NOK. Reported fact