ADATECH AS: årsregnskap 2023 vs 2022
Shrank 63% on revenue, weaker earnings
approved 2024-07-30; registry 2024-08-03; journal 2024 705331
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADATECH AS. Revenue 182.3k NOK → 68.3k NOK (-62.5%). Net result +127.6k NOK → +40.3k NOK. Equity 527.6k NOK → 567.8k NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADATECH AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 527.6k NOK → 567.8k NOK (equity ratio 40.4% → 42.6%). Calculated
-
↑
Cash rose
Bank deposits 1 044 NOK → 940.1k NOK (+89951.5% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 182.3k NOK to 68.3k NOK (-62.5% YoY). Calculated
-
↓
Operating result weakened
Operating result +162.5k NOK → +45.6k NOK (op. margin 89.2% → 66.7%). Calculated
-
↓
Net result weakened
Net result +127.6k NOK → +40.3k NOK (net margin 70.0% → 58.9%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.34× → -77.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 246.7k NOK → 351.2k NOK. Reported fact