ADECCO NORGE AS: årsregnskap 2022 vs 2021
Weaker earnings, cash halved-plus
approved 2023-06-26; registry 2023-07-29; journal 2023 620726
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADECCO NORGE AS. Revenue 2.13bn NOK → 2.09bn NOK (-1.9%). Net result -8.81m NOK → -26.63m NOK. Equity 150.02m NOK → 180.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ADECCO NORGE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.63bn NOK → 1.58bn NOK (77% → 76% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.13bn NOK to 2.09bn NOK (-1.9% YoY). Calculated
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↓
Operating result weakened
Operating result -13.28m NOK → -37.72m NOK (op. margin -0.6% → -1.8%). Calculated
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↓
Net result weakened
Net result -8.81m NOK → -26.63m NOK (net margin -0.4% → -1.3%). Calculated
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↓
Equity eroded
Book equity 150.02m NOK → 180.4k NOK (equity ratio 23.4% → 20.1%). Calculated
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↓
Cash fell
Bank deposits 203.15m NOK → 6.47m NOK (-96.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (203.15m NOK → 6.47m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 150.02m NOK → 180.4k NOK — check capital reduction, conversion, or reclassification. Interpretation