FirmaIQ
Org.nr 992 564 113 2021 → 2022 Year-over-year analysis

ADDOVATION AS: årsregnskap 2022 vs 2021

Grew 13% on revenue, stronger earnings

approved 2023-06-15; registry 2023-07-22; journal 2023 592169

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADDOVATION AS. Revenue 71.11m NOK → 80.63m NOK (+13.4%). Net result +7.84m NOK → +18.33m NOK. Equity 19.20m NOK → 28.44m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADDOVATION AS.

At a glance

Scorecard

Revenue
71.11m NOK 80.63m NOK
+13.4%
Operating result
+10.17m NOK +11.55m NOK
+13.6%
Net result
+7.84m NOK +18.33m NOK
+133.9%
Equity
19.20m NOK 28.44m NOK
+48.1%
Cash
24.25m NOK 23.32m NOK
-3.8%
Total assets
48.63m NOK 57.20m NOK
+17.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 71.11m NOK to 80.63m NOK (+13.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +10.17m NOK → +11.55m NOK (op. margin 14.3% → 14.3%). Calculated

  • ↑

    Net result improved

    Net result +7.84m NOK → +18.33m NOK (net margin 11.0% → 22.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 19.20m NOK → 28.44m NOK (equity ratio 39.5% → 49.7%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 24.25m NOK → 23.32m NOK (-3.8% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 376.0k NOK → 360.5k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Payroll increased

    Salary cost 32.83m NOK → 34.28m NOK (46% → 43% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 12.77m NOK → 17.56m NOK (+37.5% YoY). Calculated