ADATO RIG AS: årsregnskap 2023 vs 2022
Grew 300% on revenue, weaker earnings, cash halved-plus
approved 2024-04-01; registry 2024-04-03; journal 2024 344110
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADATO RIG AS. Revenue 1.14m NOK → 4.56m NOK (+300.3%). Net result +844.2k NOK → +249.5k NOK. Equity 883.7k NOK → 133.2k NOK.
On the constructive side: revenue rose; operating result improved; owners injected capital. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADATO RIG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.14m NOK to 4.56m NOK (+300.3% YoY). Calculated
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Operating result improved
Operating result +1.08m NOK → +2.87m NOK (op. margin 95.0% → 63.0%). Calculated
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Owners injected capital
Paid-in equity rose 39.4k NOK → 45.0k NOK (+5 570 NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result +844.2k NOK → +249.5k NOK (net margin 74.1% → 5.5%). Calculated
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↓
Equity eroded
Book equity 883.7k NOK → 133.2k NOK (equity ratio 66.7% → 3.1%). Calculated
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↓
Cash fell
Bank deposits 726.8k NOK → 113.7k NOK (-84.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 0 NOK → 1.94m NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 0 → 2. Reported fact