ADAMS COFFEE AS: årsregnskap 2023 vs 2022
Shrank 16% on revenue, slipped into loss
approved 2024-08-17; registry 2024-08-20; journal 2024 733274
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADAMS COFFEE AS. Revenue 5.83m NOK → 4.88m NOK (-16.4%). Net result +640.9k NOK → -1.14m NOK. Equity 383.0k NOK → -761.9k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADAMS COFFEE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 1.03m NOK → 1.22m NOK (+18.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.83m NOK to 4.88m NOK (-16.4% YoY). Calculated
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↓
Operating result weakened
Operating result +872.7k NOK → -1.13m NOK (op. margin 15.0% → -23.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 640.9k NOK profit to a loss of 1.14m NOK. Calculated
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↓
Equity eroded
Book equity 383.0k NOK → -761.9k NOK (equity ratio 17.8% → -61.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.19× → 0.61× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -61.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation