ADDITECH AS: årsregnskap 2023 vs 2022
Grew 15% on revenue, slipped into loss, cash halved-plus
approved 2024-04-23; registry 2024-05-30; journal 2024 390963
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADDITECH AS. Revenue 10.26m NOK → 11.84m NOK (+15.4%). Net result +304.5k NOK → -3.17m NOK. Equity 1.47m NOK → 3.46m NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; fell into a net loss; cash fell.
Also worth watching: sharp cash drawdown; 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 10.26m NOK to 11.84m NOK (+15.4% YoY). Calculated
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Equity strengthened
Book equity 1.47m NOK → 3.46m NOK (equity ratio 5.7% → 22.9%). Calculated
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Owners injected capital
Paid-in equity rose 30.0k NOK → 3.46m NOK (+3.43m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +390.8k NOK → -3.37m NOK (op. margin 3.8% → -28.5%). Calculated
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Fell into a net loss
Net result flipped from 304.5k NOK profit to a loss of 3.17m NOK. Calculated
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Cash fell
Bank deposits 6.38m NOK → 1.81m NOK (-71.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (6.38m NOK → 1.81m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 3.08m NOK → 6.07m NOK (30% → 51% of revenue). Calculated
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COGS moved
COGS / varekostnad 678.6k NOK → 816.2k NOK (+20.3% YoY). Calculated