ADH ELEMENTHUS AS: årsregnskap 2022 vs 2021
Shrank 27% on revenue, weaker earnings
registry 2023-05-22; journal 2023 411795
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADH ELEMENTHUS AS. Revenue 89.0k NOK → 65.0k NOK (-27.0%). Net result -13.7k NOK → -80.1k NOK. Equity -1 232 NOK → -81.4k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADH ELEMENTHUS AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 26.6k NOK → 57.8k NOK (+117.7% YoY). Calculated
-
↑
Payroll decreased
Salary cost 76.7k NOK → 63.9k NOK (86% → 98% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 89.0k NOK to 65.0k NOK (-27.0% YoY). Calculated
-
↓
Operating result weakened
Operating result -13.7k NOK → -160.1k NOK (op. margin -15.4% → -246.3%). Calculated
-
↓
Net result weakened
Net result -13.7k NOK → -80.1k NOK (net margin -15.4% → -123.3%). Calculated
-
↓
Equity eroded
Book equity -1 232 NOK → -81.4k NOK (equity ratio -0.8% → -136.5%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -136.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation