ADFORM NORWAY AS: årsregnskap 2022 vs 2021
Shrank 11% on revenue, weaker earnings
approved 2023-06-26; registry 2023-07-11; journal 2023 568443
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADFORM NORWAY AS. Revenue 10.91m NOK → 9.71m NOK (-11.0%). Net result +503.7k NOK → +383.1k NOK. Equity 128.3k NOK → 128.3k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADFORM NORWAY AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits -128.1k NOK → 340.3k NOK (+365.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.91m NOK to 9.71m NOK (-11.0% YoY). Calculated
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↓
Operating result weakened
Operating result +673.3k NOK → +552.6k NOK (op. margin 6.2% → 5.7%). Calculated
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↓
Net result weakened
Net result +503.7k NOK → +383.1k NOK (net margin 4.6% → 3.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.01× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 29.0k NOK → 50.0k NOK. Reported fact