ADCO EIENDOMMER AS: årsregnskap 2022 vs 2021
Shrank 75% on revenue, stronger earnings
approved 2023-06-30; registry 2023-08-14; journal 2023 679765
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADCO EIENDOMMER AS. Revenue 7.36m NOK → 1.86m NOK (-74.7%). Net result +967.0k NOK → +1.74m NOK. Equity 7.10m NOK → 6.98m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADCO EIENDOMMER AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +967.0k NOK → +1.74m NOK (net margin 13.1% → 93.3%). Calculated
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Payroll decreased
Salary cost 194.5k NOK → 107.8k NOK (3% → 6% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.36m NOK to 1.86m NOK (-74.7% YoY). Calculated
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Operating result weakened
Operating result +737.0k NOK → -500.7k NOK (op. margin 10.0% → -26.9%). Calculated
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↓
Equity eroded
Book equity 7.10m NOK → 6.98m NOK (equity ratio 41.2% → 52.1%). Calculated
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Cash fell
Bank deposits 803.6k NOK → 473.5k NOK (-41.1% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 245.0k NOK → 183.3k NOK (-25.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.73m NOK → 56.3k NOK. Reported fact