Org.nr 981 043 111 2021 → 2022 Year-over-year analysis

ADCO AS: årsregnskap 2022 vs 2021

Slipped into loss, cash halved-plus

approved 2023-06-30; registry 2023-07-03; journal 2023 565359

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADCO AS. Net result +18.19m NOK → -84.5k NOK. Equity 16.93m NOK → 13.76m NOK.

Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADCO AS.

At a glance

Revenue

274.1k NOK n/m

—

Operating result

-32.8k NOK -65.5k NOK

-99.6%

Net result

+18.19m NOK -84.5k NOK

-100.5%

Equity

16.93m NOK 13.76m NOK

-18.7%

Cash

6.90m NOK 2.74m NOK

-60.3%

Total assets

19.71m NOK 17.05m NOK

-13.5%

↓
Operating result weakened

Operating result -32.8k NOK → -65.5k NOK. Calculated
↓
Fell into a net loss

Net result flipped from 18.19m NOK profit to a loss of 84.5k NOK. Calculated
↓
Equity eroded

Book equity 16.93m NOK → 13.76m NOK (equity ratio 85.9% → 80.7%). Calculated
↓
Cash fell

Bank deposits 6.90m NOK → 2.74m NOK (-60.3% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (6.90m NOK → 2.74m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Book investments changed

Investment / intangible book value 9.82m NOK → 10.32m NOK. Reported fact