ADCO EIENDOMMER AS: årsregnskap 2023 vs 2022
Grew 295% on revenue, stronger earnings
approved 2024-04-29; registry 2024-05-30; journal 2024 397166
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADCO EIENDOMMER AS. Revenue 1.86m NOK → 7.35m NOK (+294.8%). Net result +1.74m NOK → +4.04m NOK. Equity 6.98m NOK → 10.74m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; 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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Revenue rose
Operating income / revenue moved from 1.86m NOK to 7.35m NOK (+294.8% YoY). Calculated
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Operating result improved
Operating result -500.7k NOK → +206.4k NOK (op. margin -26.9% → 2.8%). Calculated
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Net result improved
Net result +1.74m NOK → +4.04m NOK (net margin 93.3% → 55.0%). Calculated
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Equity strengthened
Book equity 6.98m NOK → 10.74m NOK (equity ratio 52.1% → 66.4%). Calculated
What deteriorated
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Cash fell
Bank deposits 473.5k NOK → 469.3k NOK (-0.9% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 107.8k NOK → 201.1k NOK (6% → 3% of revenue). Calculated
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COGS fell
COGS / varekostnad 183.3k NOK → 149.9k NOK (-18.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 56.3k NOK → 41.3k NOK. Reported fact