ADAGGIO HOV AS: årsregnskap 2022 vs 2021
Grew 11% on revenue, slipped into loss, cash halved-plus
approved 2023-06-18; registry 2023-06-26; journal 2023 525037
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADAGGIO HOV AS. Revenue 1.58m NOK → 1.76m NOK (+11.1%). Net result +53.3k NOK → -141.4k NOK. Equity 194.8k NOK → 53.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADAGGIO HOV AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.58m NOK to 1.76m NOK (+11.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +70.0k NOK → -136.1k NOK (op. margin 4.4% → -7.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 53.3k NOK profit to a loss of 141.4k NOK. Calculated
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↓
Equity eroded
Book equity 194.8k NOK → 53.4k NOK (equity ratio 55.3% → 17.1%). Calculated
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↓
Cash fell
Bank deposits 3.12m NOK → 83.7k NOK (-97.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.44× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.12m NOK → 83.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 678.9k NOK → 875.1k NOK (43% → 50% of revenue). Calculated
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COGS moved
COGS / varekostnad 263.1k NOK → 268.8k NOK (+2.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 70.6k NOK → 50.5k NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 1.3 → 2.1. Reported fact