ADF AS: årsregnskap 2023 vs 2022
Shrank 10% on revenue, slipped into loss
approved 2024-09-06; registry 2024-09-09; journal 2024 745019
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADF AS. Revenue 1.22m NOK → 1.11m NOK (-9.6%). Net result +6 687 NOK → -463.0k NOK. Equity 325.0k NOK → -138.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADF AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.66m NOK → 951.3k NOK (136% → 86% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.22m NOK to 1.11m NOK (-9.6% YoY). Calculated
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↓
Operating result weakened
Operating result +37.8k NOK → -431.1k NOK (op. margin 3.1% → -39.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 6 687 NOK profit to a loss of 463.0k NOK. Calculated
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↓
Equity eroded
Book equity 325.0k NOK → -138.0k NOK (equity ratio 28.8% → -12.2%). Calculated
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↓
Cash fell
Bank deposits 57.1k NOK → 44.3k NOK (-22.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -12.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation