ADEPTH MINERALS AS: årsregnskap 2022 vs 2021
Grew 114% on revenue, weaker earnings, cash halved-plus
registry 2023-08-17; journal 2023 711146
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADEPTH MINERALS AS. Revenue 1.75m NOK → 3.74m NOK (+113.5%). Net result -3.54m NOK → -4.67m NOK. Equity 12.07m NOK → 17.30m NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADEPTH MINERALS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.75m NOK to 3.74m NOK (+113.5% YoY). Calculated
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Equity strengthened
Book equity 12.07m NOK → 17.30m NOK (equity ratio 69.0% → 71.2%). Calculated
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Owners injected capital
Paid-in equity rose 12.07m NOK → 17.30m NOK (+5.23m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -3.54m NOK → -4.67m NOK (op. margin -202.5% → -124.9%). Calculated
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Net result weakened
Net result -3.54m NOK → -4.67m NOK (net margin -202.5% → -124.9%). Calculated
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Cash fell
Bank deposits 12.55m NOK → 3.78m NOK (-69.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.44× → 0.78× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (12.55m NOK → 3.78m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 2 436 NOK → 2.53m NOK (0% → 68% of revenue). Calculated
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Headcount (årsverk) changed
Reported FTEs 0 → 3. Reported fact