ADD ENERGY GROUP AS: årsregnskap 2022 vs 2021
Grew 37% on revenue, stronger earnings, fresh owner capital
approved 2023-06-28; registry 2023-07-10; journal 2023 567120
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADD ENERGY GROUP AS. Revenue 4.92m NOK → 6.73m NOK (+36.6%). Net result -156.09m NOK → -8.91m NOK. Equity -10.71m NOK → 34.33m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADD ENERGY GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.92m NOK to 6.73m NOK (+36.6% YoY). Calculated
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Net result improved
Net result -156.09m NOK → -8.91m NOK (net margin -3169.3% → -132.5%). Calculated
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↑
Equity strengthened
Book equity -10.71m NOK → 34.33m NOK (equity ratio -17.7% → 31.8%). Calculated
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Cash rose
Bank deposits 1 000 NOK → 2 425 NOK (+142.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.04× → 4.28×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -6.75m NOK → -8.39m NOK (op. margin -137.0% → -124.8%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 20.65m NOK → 201.3k NOK (-99.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 57.31m NOK → 67.85m NOK. Reported fact