ADMINI EP AS: årsregnskap 2023 vs 2022
Grew 52% on revenue, returned to profit
approved 2024-05-31; registry 2024-07-11; journal 2024 631296
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADMINI EP AS. Revenue 548.2k NOK → 833.0k NOK (+51.9%). Net result -278.8k NOK → +286.8k NOK. Equity 381.9k NOK → 336.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for ADMINI EP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 548.2k NOK to 833.0k NOK (+51.9% YoY). Calculated
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↑
Operating result improved
Operating result +84.0k NOK → +937.5k NOK (op. margin 15.3% → 112.5%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 278.8k NOK to a profit of 286.8k NOK. Calculated
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↑
Cash rose
Bank deposits 22.6k NOK → 631.5k NOK (+2696.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.60× → 1.60×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 381.9k NOK → 336.3k NOK (equity ratio 4.1% → 2.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 1.94m NOK → 1.61m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 67.9k NOK → 1.48m NOK (+2080.5% YoY). Calculated