ADAM BYGG AS: årsregnskap 2022 vs 2021
Shrank 37% on revenue, weaker earnings
approved 2023-07-22; registry 2023-07-25; journal 2023 645938
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADAM BYGG AS. Revenue 5.33m NOK → 3.38m NOK (-36.7%). Net result -132.1k NOK → -340.4k NOK. Equity 12.25m NOK → -92.3k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADAM BYGG AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 75.4k NOK → 76.6k NOK (+1.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.33m NOK to 3.38m NOK (-36.7% YoY). Calculated
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↓
Operating result weakened
Operating result -97.7k NOK → -326.9k NOK (op. margin -1.8% → -9.7%). Calculated
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↓
Net result weakened
Net result -132.1k NOK → -340.4k NOK (net margin -2.5% → -10.1%). Calculated
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↓
Equity eroded
Book equity 12.25m NOK → -92.3k NOK (equity ratio 828.6% → -13.9%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 NOK → 2.27m NOK (0% → 67% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -13.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 3.56m NOK → 2.61m NOK (-26.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 12.0k NOK → 10.6k NOK. Reported fact