ADD MEDIA AS: årsregnskap 2023 vs 2022
Shrank 30% on revenue, cash halved-plus
approved 2024-05-21; registry 2024-05-22; journal 2024 428329
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADD MEDIA AS. Revenue 1.21m NOK → 849.5k NOK (-29.9%). Net result +990.0k NOK → +872.9k NOK. Equity 4.25m NOK → 6.12m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADD MEDIA AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 4.25m NOK → 6.12m NOK (equity ratio 96.1% → 95.2%). Calculated
-
↑
Payroll decreased
Salary cost 3.25m NOK → 392.6k NOK (268% → 46% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.21m NOK to 849.5k NOK (-29.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +41.7k NOK → -163.9k NOK (op. margin 3.4% → -19.3%). Calculated
-
↓
Net result weakened
Net result +990.0k NOK → +872.9k NOK (net margin 81.7% → 102.7%). Calculated
-
↓
Cash fell
Bank deposits 982.4k NOK → 212.0k NOK (-78.4% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 839.1k NOK → 529.7k NOK (-36.9% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 405.2k NOK → 461.2k NOK. Reported fact