ADG MALING TAPET OG GULV AS: årsregnskap 2023 vs 2022
Shrank 11% on revenue, stronger earnings
approved 2024-06-17; registry 2024-07-09; journal 2024 524177
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADG MALING TAPET OG GULV AS. Revenue 15.65m NOK → 13.88m NOK (-11.3%). Net result +397.6k NOK → +1.92m NOK. Equity 927.6k NOK → 343.8k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADG MALING TAPET OG GULV AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +119.0k NOK → +2.52m NOK (op. margin 0.8% → 18.1%). Calculated
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Net result improved
Net result +397.6k NOK → +1.92m NOK (net margin 2.5% → 13.8%). Calculated
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Cash rose
Bank deposits 788.7k NOK → 3.34m NOK (+323.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 15.65m NOK to 13.88m NOK (-11.3% YoY). Calculated
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Equity eroded
Book equity 927.6k NOK → 343.8k NOK (equity ratio 15.6% → 6.3%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 5.90m NOK → 3.46m NOK (-41.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 95.0k NOK → 605.5k NOK. Reported fact