ADAMUSIC AS: årsregnskap 2023 vs 2022
Shrank 25% on revenue, stronger earnings, cash halved-plus
approved 2024-07-16; registry 2024-07-27; journal 2024 678866
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADAMUSIC AS. Revenue 2.37m NOK → 1.78m NOK (-24.8%). Net result +137.6k NOK → +255.6k NOK. Equity 2.96m NOK → 3.21m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADAMUSIC AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +204.2k NOK → +333.6k NOK (op. margin 8.6% → 18.7%). Calculated
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↑
Net result improved
Net result +137.6k NOK → +255.6k NOK (net margin 5.8% → 14.3%). Calculated
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↑
Equity strengthened
Book equity 2.96m NOK → 3.21m NOK (equity ratio 73.2% → 88.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.37m NOK to 1.78m NOK (-24.8% YoY). Calculated
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↓
Cash fell
Bank deposits 899.0k NOK → 268.6k NOK (-70.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.68m NOK → 2.81m NOK (113% → 158% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 164.7k NOK → 34.3k NOK (-79.2% YoY). Calculated