ADLERS GATE AS: årsregnskap 2023 vs 2022
Grew 25% on revenue, stronger earnings, cash halved-plus
approved 2024-06-28; registry 2024-07-25; journal 2024 671887
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADLERS GATE AS. Revenue 4.94m NOK → 6.18m NOK (+25.0%). Net result +1.29m NOK → +6.97m NOK. Equity 2.23m NOK → 1.06m NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ADLERS GATE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.94m NOK to 6.18m NOK (+25.0% YoY). Calculated
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Net result improved
Net result +1.29m NOK → +6.97m NOK (net margin 26.1% → 112.8%). Calculated
What deteriorated
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Operating result weakened
Operating result +912.6k NOK → +253.3k NOK (op. margin 18.5% → 4.1%). Calculated
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↓
Equity eroded
Book equity 2.23m NOK → 1.06m NOK (equity ratio 85.4% → 68.6%). Calculated
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↓
Cash fell
Bank deposits 1.92m NOK → 742.5k NOK (-61.4% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.92m NOK → 742.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 130.0k NOK → 13.8k NOK (-89.4% YoY). Calculated