ADAVA HOLDING AS: årsregnskap 2023 vs 2022
Grew 17% on revenue, weaker earnings
approved 2024-07-31; registry 2024-08-03; journal 2024 706048
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADAVA HOLDING AS. Revenue 4.97m NOK → 5.79m NOK (+16.5%). Net result +5.00m NOK → +645.4k NOK. Equity 1.76m NOK → 2.41m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADAVA HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.97m NOK to 5.79m NOK (+16.5% YoY). Calculated
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↑
Equity strengthened
Book equity 1.76m NOK → 2.41m NOK (equity ratio 74.9% → 69.3%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.28m NOK → +844.5k NOK (op. margin 25.7% → 14.6%). Calculated
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↓
Net result weakened
Net result +5.00m NOK → +645.4k NOK (net margin 100.6% → 11.1%). Calculated
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↓
Cash fell
Bank deposits 926.1k NOK → 558.7k NOK (-39.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.00m NOK → 3.93m NOK (40% → 68% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 721.0k NOK → 25.2k NOK (-96.5% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 1 → 2. Reported fact