ADAM BYGG AS: årsregnskap 2023 vs 2022
Shrank 13% on revenue, returned to profit, cash halved-plus
approved 2024-05-26; registry 2024-06-03; journal 2024 479771
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADAM BYGG AS. Revenue 3.38m NOK → 2.93m NOK (-13.2%). Net result -340.4k NOK → +565.1k NOK. Equity -92.3k NOK → 472.8k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: 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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Operating result improved
Operating result -326.9k NOK → +630.7k NOK (op. margin -9.7% → 21.5%). Calculated
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Turned profitable
Net result flipped from a loss of 340.4k NOK to a profit of 565.1k NOK. Calculated
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Equity strengthened
Book equity -92.3k NOK → 472.8k NOK (equity ratio -13.9% → 71.2%). Calculated
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Current ratio back above 1×
Current ratio 0.42× → 1.69×. Calculated
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Payroll decreased
Salary cost 2.27m NOK → 204.1k NOK (67% → 7% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.38m NOK to 2.93m NOK (-13.2% YoY). Calculated
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↓
Cash fell
Bank deposits 76.6k NOK → 33.6k NOK (-56.2% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 2.61m NOK → 1.22m NOK (-53.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 10.6k NOK → 12.0k NOK. Reported fact