ADMIN AS: årsregnskap 2023 vs 2022
Returned to profit
approved 2024-06-02; registry 2024-07-15; journal 2024 637146
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADMIN AS. Revenue 712.8k NOK → 716.8k NOK (+0.5%). Net result -350.6k NOK → +403.2k NOK. Equity 745.2k NOK → 148.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for ADMIN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 712.8k NOK to 716.8k NOK (+0.5% YoY). Calculated
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↑
Operating result improved
Operating result +224.7k NOK → +235.4k NOK (op. margin 31.5% → 32.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 350.6k NOK to a profit of 403.2k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 745.2k NOK → 148.4k NOK (equity ratio 59.9% → 7.9%). Calculated
-
↓
Cash fell
Bank deposits 85.9k NOK → 55.3k NOK (-35.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.26m NOK → 2.28m NOK (176% → 318% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 341.4k NOK → 341 NOK. Reported fact