ADH ELEMENTHUS AS: årsregnskap 2023 vs 2022
Grew 148% on revenue, stronger earnings, cash halved-plus
approved 2024-05-13; registry 2024-05-22; journal 2024 425565
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADH ELEMENTHUS AS. Revenue 65.0k NOK → 161.4k NOK (+148.2%). Net result -80.1k NOK → -33.2k NOK. Equity -81.4k NOK → -114.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
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
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↑
Revenue rose
Operating income / revenue moved from 65.0k NOK to 161.4k NOK (+148.2% YoY). Calculated
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↑
Operating result improved
Operating result -160.1k NOK → -33.2k NOK (op. margin -246.3% → -20.6%). Calculated
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↑
Net result improved
Net result -80.1k NOK → -33.2k NOK (net margin -123.3% → -20.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -81.4k NOK → -114.6k NOK (equity ratio -136.5% → -433.6%). Calculated
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↓
Cash fell
Bank deposits 57.8k NOK → 24.3k NOK (-57.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -433.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation