ADAPA SYSTEMS AS: årsregnskap 2022 vs 2021
Shrank 97% on revenue, stronger earnings, cash halved-plus
approved 2023-08-30; registry 2024-01-02; journal 2023 740380
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADAPA SYSTEMS AS. Revenue 74.5k NOK → 2 280 NOK (-96.9%). Net result -260.3k NOK → -103.5k NOK. Equity -1.54m NOK → -1.65m 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; cogs fell. All figures are taken from the published annual accounts for ADAPA SYSTEMS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -259.4k NOK → -102.5k NOK (op. margin -348.1% → -4496.4%). Calculated
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Net result improved
Net result -260.3k NOK → -103.5k NOK (net margin -349.3% → -4539.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 74.5k NOK to 2 280 NOK (-96.9% YoY). Calculated
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↓
Equity eroded
Book equity -1.54m NOK → -1.65m NOK (equity ratio -1258.6% → -1455.4%). Calculated
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↓
Cash fell
Bank deposits 23.1k NOK → 288 NOK (-98.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -1455.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 222.4k NOK → 6 645 NOK (-97.0% YoY). Calculated