ADIGO RENEWABLES AS: årsregnskap 2022 vs 2021
Grew 41% on revenue, slipped into loss
approved 2023-06-15; registry 2023-06-24; journal 2023 496604
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADIGO RENEWABLES AS. Revenue 8.11m NOK → 11.44m NOK (+41.1%). Net result +170.1k NOK → -549.4k NOK. Equity 26.6k NOK → -522.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADIGO RENEWABLES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.11m NOK to 11.44m NOK (+41.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +257.0k NOK → -520.06m NOK (op. margin 3.2% → -4547.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 170.1k NOK profit to a loss of 549.4k NOK. Calculated
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↓
Equity eroded
Book equity 26.6k NOK → -522.8k NOK (equity ratio 6.5% → -7.5%). Calculated
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↓
Cash fell
Bank deposits 3.53m NOK → 2.02m NOK (-42.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.92m NOK → 3.55m NOK (24% → 31% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 98.9k NOK → 6.81m NOK (+6792.0% YoY). Calculated