ADCARE AS: årsregnskap 2023 vs 2022
Grew 35% on revenue, stronger earnings
approved 2024-02-01; registry 2024-06-22; journal 2024 505520
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADCARE AS. Revenue 58.26m NOK → 78.51m NOK (+34.8%). Net result +5.14m NOK → +9.10m NOK. Equity 7.80m NOK → 14.90m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADCARE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 58.26m NOK to 78.51m NOK (+34.8% YoY). Calculated
-
↑
Operating result improved
Operating result +5.92m NOK → +12.84m NOK (op. margin 10.2% → 16.4%). Calculated
-
↑
Net result improved
Net result +5.14m NOK → +9.10m NOK (net margin 8.8% → 11.6%). Calculated
-
↑
Equity strengthened
Book equity 7.80m NOK → 14.90m NOK (equity ratio 30.6% → 42.0%). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 655.1k NOK → 439.4k NOK (-32.9% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 11.57m NOK → 12.00m NOK (20% → 15% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 32.22m NOK → 42.00m NOK (+30.4% YoY). Calculated