ADAMUSIC AS: årsregnskap 2022 vs 2021
Grew 188% on revenue, weaker earnings
approved 2023-08-31; registry 2023-09-04; journal 2023 723186
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADAMUSIC AS. Revenue 824.1k NOK → 2.37m NOK (+188.0%). Net result +582.2k NOK → +137.6k NOK. Equity 2.82m NOK → 2.96m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADAMUSIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 824.1k NOK to 2.37m NOK (+188.0% YoY). Calculated
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↑
Operating result improved
Operating result +40.6k NOK → +204.2k NOK (op. margin 4.9% → 8.6%). Calculated
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Equity strengthened
Book equity 2.82m NOK → 2.96m NOK (equity ratio 72.0% → 73.2%). Calculated
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↑
Cash rose
Bank deposits 841.3k NOK → 899.0k NOK (+6.9% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +582.2k NOK → +137.6k NOK (net margin 70.6% → 5.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.63m NOK → 2.68m NOK (319% → 113% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 157.5k NOK → 164.7k NOK (+4.6% YoY). Calculated