ADEV CONSULT AS: årsregnskap 2023 vs 2022
Grew 23% on revenue, weaker earnings
approved 2024-05-21; registry 2024-05-23; journal 2024 431089
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADEV CONSULT AS. Revenue 1.56m NOK → 1.93m NOK (+23.2%). Net result +378.0k NOK → +279.1k NOK. Equity 62.4k NOK → 41.5k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADEV CONSULT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.56m NOK to 1.93m NOK (+23.2% YoY). Calculated
-
↑
Owners injected capital
Paid-in equity rose 34.4k NOK → 40.0k NOK (+5 570 NOK). Reported fact
What deteriorated
-
↓
Operating result weakened
Operating result +484.6k NOK → +348.3k NOK (op. margin 31.0% → 18.1%). Calculated
-
↓
Net result weakened
Net result +378.0k NOK → +279.1k NOK (net margin 24.2% → 14.5%). Calculated
-
↓
Equity eroded
Book equity 62.4k NOK → 41.5k NOK (equity ratio 9.2% → 7.1%). Calculated
-
↓
Cash fell
Bank deposits 471.7k NOK → 350.3k NOK (-25.7% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.05× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 7.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation