ADAMS BYGGESERVICE AS: årsregnskap 2022 vs 2021
Shrank 24% on revenue, stronger earnings, cash halved-plus
approved 2023-05-15; registry 2023-05-22; journal 2023 414587
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADAMS BYGGESERVICE AS. Revenue 341.2k NOK → 257.7k NOK (-24.5%). Net result -289.6k NOK → -85.0k NOK. Equity -543.8k NOK → -628.8k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADAMS BYGGESERVICE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -288.3k NOK → -84.8k NOK (op. margin -84.5% → -32.9%). Calculated
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Net result improved
Net result -289.6k NOK → -85.0k NOK (net margin -84.9% → -33.0%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 341.2k NOK to 257.7k NOK (-24.5% YoY). Calculated
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Equity eroded
Book equity -543.8k NOK → -628.8k NOK (equity ratio -357.5% → -1835.4%). Calculated
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↓
Cash fell
Bank deposits 152.1k NOK → 34.3k NOK (-77.5% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 50.0k NOK → 128.2k NOK (+156.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -1835.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation