ADDITECH AS: årsregnskap 2022 vs 2021
Grew 941% on revenue, weaker earnings
approved 2023-04-09; registry 2023-04-12; journal 2023 349997
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADDITECH AS. Revenue 985.7k NOK → 10.26m NOK (+940.9%). Net result +916.4k NOK → +304.5k NOK. Equity 1.17m NOK → 1.47m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADDITECH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 985.7k NOK to 10.26m NOK (+940.9% YoY). Calculated
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↑
Operating result improved
Operating result +1 197 NOK → +390.8k NOK (op. margin 0.1% → 3.8%). Calculated
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Equity strengthened
Book equity 1.17m NOK → 1.47m NOK (equity ratio 9.6% → 5.7%). Calculated
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Cash rose
Bank deposits 3.06m NOK → 6.38m NOK (+108.9% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +916.4k NOK → +304.5k NOK (net margin 93.0% → 3.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 10 NOK → 3.08m NOK (0% → 30% of revenue). Calculated
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COGS moved
COGS / varekostnad 5 179 NOK → 678.6k NOK (+13002.7% YoY). Calculated