ADAGGIO HOV AS: årsregnskap 2023 vs 2022
Weaker earnings
approved 2024-05-22; registry 2024-05-30; journal 2024 459673
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADAGGIO HOV AS. Revenue 1.76m NOK → 1.80m NOK (+2.6%). Net result -141.4k NOK → -319.7k NOK. Equity 53.4k NOK → -266.3k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; 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 1.76m NOK to 1.80m NOK (+2.6% YoY). Calculated
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↑
Cash rose
Bank deposits 83.7k NOK → 156.5k NOK (+87.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -136.1k NOK → -283.6k NOK (op. margin -7.7% → -15.7%). Calculated
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↓
Net result weakened
Net result -141.4k NOK → -319.7k NOK (net margin -8.0% → -17.7%). Calculated
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↓
Equity eroded
Book equity 53.4k NOK → -266.3k NOK (equity ratio 17.1% → -69.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -69.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 875.1k NOK → 2.70m NOK (50% → 150% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 268.8k NOK → 315.3k NOK (+17.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 50.5k NOK → 33.7k NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 2.1 → 2.3. Reported fact