ADD MEDIA AS: årsregnskap 2022 vs 2021
Shrank 17% on revenue, stronger earnings
approved 2023-02-20; registry 2023-03-25; journal 2023 334457
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADD MEDIA AS. Revenue 1.47m NOK → 1.21m NOK (-17.4%). Net result +366.9k NOK → +990.0k NOK. Equity 3.26m NOK → 4.25m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADD MEDIA AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -140.8k NOK → +41.7k NOK (op. margin -9.6% → 3.4%). Calculated
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↑
Net result improved
Net result +366.9k NOK → +990.0k NOK (net margin 25.0% → 81.7%). Calculated
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↑
Equity strengthened
Book equity 3.26m NOK → 4.25m NOK (equity ratio 92.9% → 96.1%). Calculated
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Cash rose
Bank deposits 969.7k NOK → 982.4k NOK (+1.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.47m NOK to 1.21m NOK (-17.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 568.3k NOK → 3.25m NOK (39% → 268% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 950.4k NOK → 839.1k NOK (-11.7% YoY). Calculated