ADMIRAL P AS: årsregnskap 2023 vs 2022
Shrank 27% on revenue, slipped into loss
approved 2024-05-24; registry 2024-06-29; journal 2024 569638
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADMIRAL P AS. Revenue 3.82m NOK → 2.79m NOK (-27.1%). Net result +336.8k NOK → -226.3k NOK. Equity 898.7k NOK → 672.4k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMIRAL P AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 553.8k NOK → 574.2k NOK (+3.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.82m NOK to 2.79m NOK (-27.1% YoY). Calculated
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↓
Operating result weakened
Operating result +435.2k NOK → -227.2k NOK (op. margin 11.4% → -8.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 336.8k NOK profit to a loss of 226.3k NOK. Calculated
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↓
Equity eroded
Book equity 898.7k NOK → 672.4k NOK (equity ratio 73.5% → 69.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 NOK → 1.26m NOK (0% → 45% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.95m NOK → 1.44m NOK (-26.0% YoY). Calculated