ADAN MACHINERY AS: årsregnskap 2022 vs 2021
Grew 45% on revenue, stronger earnings
registry 2023-09-04; journal 2023 722690
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADAN MACHINERY AS. Revenue 509.4k NOK → 740.3k NOK (+45.3%). Net result -183.1k NOK → -103.5k NOK. Equity 320.3k NOK → 216.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADAN MACHINERY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 509.4k NOK to 740.3k NOK (+45.3% YoY). Calculated
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Operating result improved
Operating result -188.1k NOK → -96.2k NOK (op. margin -36.9% → -13.0%). Calculated
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Net result improved
Net result -183.1k NOK → -103.5k NOK (net margin -35.9% → -14.0%). Calculated
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Cash rose
Bank deposits 927 NOK → 97.6k NOK (+10425.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 320.3k NOK → 216.7k NOK (equity ratio 72.4% → 47.3%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 440.5k NOK → 643.3k NOK (+46.0% YoY). Calculated