Org.nr 980 119 548 2022 → 2023 Year-over-year analysis

ADDEND AS: årsregnskap 2023 vs 2022

Shrank 100% on revenue, stronger earnings

approved 2024-05-30; registry 2024-06-10; journal 2024 497157

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADDEND AS. Revenue 63.0k NOK → 0 NOK (-100.0%). Net result +1.78m NOK → +2.37m NOK. Equity 2.31m NOK → 2.68m NOK.

On the constructive side: net result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADDEND AS.

Scorecard

Revenue
63.0k NOK 0 NOK
-100.0%
Operating result
-45.8k NOK -51.4k NOK
-12.2%
Net result
+1.78m NOK +2.37m NOK
+33.2%
Equity
2.31m NOK 2.68m NOK
+16.0%
Cash
999.8k NOK 662.7k NOK
-33.7%
Total assets
2.55m NOK 2.69m NOK
+5.6%

What improved

  • ↑

    Net result improved

    Net result +1.78m NOK → +2.37m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 2.31m NOK → 2.68m NOK (equity ratio 90.7% → 99.7%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.22× → 75.66×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 63.0k NOK to 0 NOK (-100.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -45.8k NOK → -51.4k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 999.8k NOK → 662.7k NOK (-33.7% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 1.50m NOK → 2.03m NOK. Reported fact