ADCO AS: årsregnskap 2023 vs 2022
Returned to profit, cash halved-plus
approved 2024-06-16; registry 2024-06-19; journal 2024 518360
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADCO AS. Net result -84.5k NOK → +192.7k NOK. Equity 13.76m NOK → 11.77m NOK.
On the constructive side: operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADCO AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -65.5k NOK → -45.7k NOK. Calculated
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↑
Turned profitable
Net result flipped from a loss of 84.5k NOK to a profit of 192.7k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 13.76m NOK → 11.77m NOK (equity ratio 80.7% → 85.8%). Calculated
-
↓
Cash fell
Bank deposits 2.74m NOK → 1.27m NOK (-53.4% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 10.32m NOK → 9.56m NOK. Reported fact